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what is outstanding expences give example
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Answer / vijay bhaskar reddy(vijji_tv@y
Out standing expenses means the expenses to be paid. For
example, previous month's electricity bills, telephone
bills, etc.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / ganga prasad
outstanding expences means in past year or month we did not
pay. we have to pay in future this are called out standing
expences
ex,, salaries, wages, rent, other expences
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / madhu naidu
The expenses which have been incurred during a particular
trading period, But might not have been paid during that
period is called outstanding expenses or expenses incurred
but not paid.
Salaries, Rent, wages etc.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answered but misspelled pl correc IT Financilas means profit and loss a/c,balance sheet including (Ans.LESSEHEDU)
Raj & Raj Ltd purchased a machinery on 01.01.1996 for Rs.88,000.The life of the machine estimated to be 5 Yrs.It was calculated that the old machinery would fetch Rs.8000 at the end of its useful life.it was decided to replace the machinery at the end of the 5th year by setting up depreciation fund and invest the annual depreciation (along with interest earned each year) in gilt edged securities carrying interest at 5% p.a. At the end of the 5th Year the securities were sold for Rs.9000.As per the sinking fund table Rs.14,478 is to be invested every year.A new machine was purchased on 01.01.2001 for Rs.1,00,000.pass the journal entries and show the ledger accounts
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Audit 
