is accrued expense is asset or liability
- 5 Answers
- 17623 Views
- Franklin Templeton, I also Faced
- E-Mail Answers
Answer Posted / john agbelengor
ACCRUED EXPENSE IS A LIABILTY.
THIS IS BECAUSE IT IS AN EXPENSE INCURED IN THE PREVIOUS
ACCOUNTING PERIOD AND WAS DUE FOR PAYMENT BUT HAS NOT BEEN
DONE
| Is This Answer Correct ? | 45 Yes | 4 No |
Post New Answer View All Answers
What is the difference between Balance Sheet , Chart Of Accounts and trial Balance?
what is undisclosed profit? explain
where does the closing stock appears in the trial balance?
Feature of Master letter of credit of Garments manufacturing company?
why you would like to work for the our(AIRLINE) Group ???
intorduse your self ? what to say if iam fresher.
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
total capital stock
What is the accounting treatment for finance lease in lessee's viewpoint?
how to download online - old ECR CHALLANS
Short Answer on -----Trade mark
Calculate the total Depreciation for four or five Years so practice some problems on depreciation?
what is cost accountinp
Define Payee
How good are you at Finance?
