journal entry of outstanding
- 7 Answers
- 16616 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / rasheed
MR.Alok Patkar is correct
EXample: outstanding rent is 2000/-
outstanding is liability to the business and liability always shows credit balance....so it should be credit and respective account should be debit...
for above example entry will
Rent a/c..............dr
to outstanding rent a/c
| Is This Answer Correct ? | 24 Yes | 0 No |
Answer / samrat das
Party's A/c .........Dr.
To Outstanding Expenses A/c.
| Is This Answer Correct ? | 15 Yes | 5 No |
Answer / raghu.aps eveing v b.com
Outstanding indicates both thing whether Receivable or Payable
if its Telephone charges Payable for the month of march,
than
Telephone a/c Dr
Telephone charges payable a/c
Because Expenses always shown dr balance and Liabilti always
shown Cr Balance
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / kaleem
The actual question is Journal entry for Outstanding ??
and the Answer is
Expenses(Audit fee) A/c ----Dr.
To Outstanding expenses (Audit fee)A/c---Cr
and at the time of clearing Outstandings..
Outstanding expenses(Audit fee) A/c----Dr.
To Cash/Bank A/c----Cr
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / p.vijendra
profit and loss a/c..dr
to outstandind exp a/c
| Is This Answer Correct ? | 2 Yes | 3 No |
Answer / shahid raza, pgdm,l.b.s,g.noid
outstanding expences a/c .....dr.
to expences a/c
| Is This Answer Correct ? | 9 Yes | 11 No |
what is the mean of amountisation
What is BRS?
3, SURVEY EXPENSES FOR MARINE INSURANCE CLAIMS MUST BE A, addedto claim B, added to legal charges c, added to administrative expenses d, none of the above
Contents of an Invoice receipt
Is Profession Tax return or not ?
My question is- are tpt,freight & p & f charges part of sales & purchase when it include in invoice. suppose if goods value 20000 freight chrg 425.00 total sales will be 20425 or only 20000.00 how it will effect ?? pls clear
If a promoter has purchased an asset on behalf of the company before the incorporation of the same then what will be the accounting treatment to record the asset in the books of company
If the bill is " maa hottel, prop.: a.ghosh". If i can draw a cheque in favour of A.ghosh, this is wroung or right ? please give the undersection of the NIT act.
What is accounting period?
Is electricity charges are direct or indirect expenses
what are accounting standards
what is the manual procedure for accounting
Audit 
