Journal entry of outstanding wages is Wages a/c dr TO O/s wages a/c In the Above journal entry why outstanding wages has to be credited ? and o/s wages comes under which account, and why (Personal, Real, Nominal)

7 Answers   Capital IQ,

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A new firm commenced business on 1st January, 2006 and purchased goods costing Rs. 90,000 during the year. A sum of Rs. 6,000 was spent on freight inwards. At the end of the year the cost of goods still unsold was Rs. 12,000. Sales during the year Rs. 1,20,000. What is the gross profit earned by the firm? (a) Rs. 36,000 (b) Rs. 30,000 (c) Rs. 42,000 (d) Rs. 38,000

2 Answers   IMT, Wipro,

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WHAT IS THE PORTFOLIO MANAGMENT SCHEMES ? ITS WHICH TYPES INCOME ?

0 Answers  

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what are the document that get created in procurement to pay process ?

2 Answers   Servis,

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what is tax invoices

1 Answers  

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what diff. between current assets and non current assets? with example.

5 Answers   Rahul Computers,

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What is a ledger? What do you mean by ledger posting?

0 Answers  

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Explain what is account receivable?

0 Answers  

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WINDOWS SOFTWARE PURCHASES FROM MICROSOFT BY PAYING A CHEQUE OF RS. 35000/- FROM AXIS BANK LTD. PASS THIS JOURNAL ENTERY

13 Answers  

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give me some simple examples of personal account, real account, nominal account

2 Answers   TATA,

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What are the functions of manger -accounts and manager-finance?

0 Answers  

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is investing in equity or mutualfund is better?

1 Answers  

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