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what is the treatement of outstanding expenses in Tally
accounting package? where it shown and what is its account
type?
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Answer / a.madhu sudhan rao
Just u create Outstanding expenses ledger under current
liabilities.
This outstanding expenses will show on current liabillities
in Balance Sheet
| Is This Answer Correct ? | 33 Yes | 8 No |
Answer / shivarama raju
Madhu Susha post correct answer.
You Should Create Outstanding Expenses under Current
Liabilities.
It could shown in Current liabilities.
All Other ccounts Outstanding Amounts which relate to
payments shoulb be transferred to outstanding Expenses at
the end of year / end of report
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / ayesha
You should create a Respective outstanding expenses ledger under the head current liability and it will display in balance sheet
| Is This Answer Correct ? | 2 Yes | 2 No |
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