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outstanding assets and liability

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 September 2010 dear all

please briefly explain about the outstanding assets and liability.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
16 September 2010 The term means all the live assets & liability.

But more specific answer could be possible if you clarify, in which context you are asking this question ?
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shakuntala chhangani

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shakuntala chhangani (Expert)
28 September 2010 Hi, outsatnding asset is income accrued but not yet received and outstanding liability is liability accrued but not yet paid
Regards, CA Shakuntala Chhangani
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