what is authorised capitla and subscribed capital
Answer Posted / swadhin
how much amount shown in articles of association is called
authorised capital and how much issued from authorised
capital in issued capital where how much subscribed from
issued capital is called subscribed capital.
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outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
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