Answer / pankaj

correct me if m wrong, see O/S means which is not yet properly done so as per our GLDN RULZ.-------DR. All loss nd expenses......in final account we do as adding to concernside and and second effect ll be on liability.......suppose for an example..........
O/S SALARY..........ENTRY-----
P&L a/c dr
to liability

Answer / rohit sonare

FOR OUTSTANDING EXPENSES
Entry on 31 march:

'A' Expense a/c DR. ('A' is nature of exp. like salary)
To Outstanding 'A' a/c

Entry on payment:
(Make oppsite entry)

(i) Outstanding 'A' a/c DR.
To 'A' Expense a/c

then:

(ii) 'A' Expense a/c DR.
To cash/bank a/c

Answer / karthik

Agree with iqabal

thanks for giving answer..

but we can pass the entry like;

cash or bank a/c.........dr
To Outstandingexpeses a/c
(being the O/s Expenses cleared)

difference between options and futurs

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EXPAND_________SER

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What is stock transfer? for ex: if i purchase a product in chennai and i tranfer it to our branch which is in bangalore. shall the blr office can bill the product to their customer in blr.(purchse frm chennai and bill in blr office is possible?

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Please share different type of Z report

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WHAT IS DIFFERED INCOME TAX AND WHERE IT SHOWS IN BALANCE SHEET?

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Explain the term linear approximation.

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If we were to call your current supervisor, in which area of accounting would he or she say is your strongest? Which area would he or she say is your weakest?

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how could prepare a bank charges entry in the tally

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what is the difference between direct income and indirect income?

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What is Balance sheet? How to know the financial position of the company in balance shhet?

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how to prepare Profit and los accounts ?

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Distinguish capital and Revenue receipts

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