What is the closing entry for outstanding amount?

Answer Posted / om. maliya

Expenses A/c Dr.
To Payable A/c. Cr.

Is This Answer Correct ?    6 Yes 6 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What will be the consequences if the partnership is not registered

1496


what are the certificates needed at the time of SBI clerical interview?

1582


someone plz plz plzz.. send me the sample papers for SBI clerical xams... i need it very badly..

2055


what is Derivative Documentation,Derivative Settlements,Derivative confirmation?

1785


What are the legal entities that constitute your business? Does a legal entity have a seperate Federal Tax Id? In which country does a legal entity operate? In which currency does a legal entity operate? When does each legal entity's fiscal year begin?

1640






what is Functional Specification in SAP FICO?

433


Expand-------SCAN

1631


In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected

1683


what is purchase tax in rajasthan.

1589


what are the important steps to take during the conversion of an accounting system.

1514


How to answer for the question, tell me about ur project? I mean in which format can i say?

1634


EXPAND___________LNG

1560


What Settlement details are required on the delivery instruction slip?

4367


what is cc limit and what role accountant play to maintain it?

1734


what is a depository?

2346