Answer / pankaj kumar malviya

Outstanding Salary A/c is a Representative Personal Account as it represents a group of people to whom some amount of salary is payable. Similarly other outstanding and prepaid expenses also fall under the category of representative personal accounts.

Answer / gayathri

Salaries Outstanding A/c is Nominal A/c. Nominal Account
rule is Debit all expenses and losses, and Credit incomes
and gain. Outstanding Salaries is Liabilities (expenses)
of the company

Answer / samuel

salaries should be given to employees bcoz this is there
right and it can not be denied

EXPAND___________LIDCAP

2 Answers  

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does all exp and all incomes appear in profit and loss a/c???

2 Answers   NK,

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Defects of single entry system

1 Answers   Mphasis, Outsource Partners International,

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Discuss the role of cost accounting in managerial decision making?

1 Answers  

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how many types of accounts in accounting language?

9 Answers  

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method of preparing the trial balance ?

2 Answers  

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which value we have to calculate TDS? Is it for bills recd or no of pymnts made during that year?

2 Answers  

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what is sweet equity share?

10 Answers  

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What is the Purpose of Preparing Bank Reconciliation Statement?

0 Answers   EDS, Hicare,

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What is account? What is finance? What do you mean by finance and accounts?

10 Answers   CIS, ITC Hotels,

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What is the treatment you give for the prepaid insurance created in the year end in the month of April

3 Answers   Tax Time,

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What do you mean by / what is fund management..?

2 Answers   Big Bazaar,

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