Interested to Buy Any Domain ? << Click Here >> for more details...
What is meant by Salaries Outstanding Accounts?
- 13 Answers
- 45781 Views
- HP, I also Faced
- E-Mail Answers
Answer Posted / shivani jain
salaries outstanding a/c is a representative personal a/c.
The rule for this a/c according to traditional approach is
debit the debtor and credit the creditor.Salary outstanding
a/c represents those to whom the firm has to pay therefore
it is the liability of the firm.Now as per the modern
approach salary outstanding a/c will be credited since its a
liability and also they are creditors of the firm so the a/c
will be credited as per the traditional approach
| Is This Answer Correct ? | 17 Yes | 4 No |
Post New Answer View All Answers
What is invoice accounting rules?
Plz send me the questions that could be asked in an interview for a Bank Clerical job to suja_aln@yahoo.co.in. Thank you.
What is EBITDA
Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?
How do you set the increment point in appraisal of salaries. It becomes so difficult for the employer to hear again and again about increment
Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .
EXPAND______________IARCS
as per partership firm TDS receivable at the end of goes to partners current account, but at the multinational company how pass TDS entry pass, where is it is goes
explain Dual entry concept
what is Functional Specification in SAP FICO?
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com
Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.
HOW TO PASTE MORE THAN 8 PO'S (PURCHASE ORDER) IN MM posting?
Your company code use USD as the company currency. You are trying to post to an account in EUR but get an error message that you can see the problem. What is the reason?( any 1 answer) • The currency maintained in the account master record is USD • The translation rate between EUR and USD is NOT maintained • The only balances in local currency indictor is set in the account. • The account determination for exchange rate difference is missing for the account
