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entry for outstanding expenses
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Answer / md zubair
outstanding means due by company.
expenses a/c Dr
To o/s expences a/c.
| Is This Answer Correct ? | 116 Yes | 7 No |
Answer / swapnananda
expenses a/c ........dr
To outstanding expenses a/c
| Is This Answer Correct ? | 54 Yes | 5 No |
Answer / hemant dubey
expense a/c dr.
To O.S. expense a/c cr
Expense will reflect to P&L account and while O.S. Expense
will show in Liablites (Balance Sheet )
| Is This Answer Correct ? | 46 Yes | 3 No |
Answer / parushuram
expanse a/c dr.
TO outstanding expanses a/c
| Is This Answer Correct ? | 33 Yes | 4 No |
Answer / dharmesh sati
This is one type of Provision Entry mean adjustment entry
for view clear financial position
Outstanding Expense mean expense occoured but not accounted
in books so entry should be
Expense Account Debit
to Outstanding Account (Expense) Credit
| Is This Answer Correct ? | 26 Yes | 2 No |
Answer / tushar
When expenses became due or provision for any expences:-
Expenses A/c Dr.
To Outstanding Expences/Expences Payable A/c
At the time of payment of outstanding expences;-
Outstanding Expences/ Expenses Payable A/C Dr.
To Cash/Bank A/c.
| Is This Answer Correct ? | 9 Yes | 3 No |
Answer / rakesh93933@hotmail.com
expence a/c dr
to outstanding expence a/c
this when expence is outstanding
when the expence is paid then the entry will be
outstanding expence a/c dr
to cash a/c
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / girish
Expenses A/c Dr
to Expense Payable (which is outstanding)
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / saurabh
expenses. a/c dr
to outstanding expenses a/c cr
(Being provision made for those expenses are not paid and
releted to same month & same financial year ended but which
is payable on next month & next financial year and shown on
the liabilities side of balance shhet in previous year)
outstanding expenses a/c dr
to cash/ Bank a/c cr
( closing entry will be pass in next month & next financial
year in the starting)
| Is This Answer Correct ? | 1 Yes | 1 No |
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