When oustanding expense is give in the TB and corresponding
expense is not then how will we the same?
Eg.: Outstaning salary 100 given in the TB and salary for
the month is not there to add oustanding with the same. In
this situation how will we treat the same. Only in profit &
loss account or in balance sheet or both or?
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Answer Posted / kalyan
directly we have to post in balancesheet.how means bcoz
there is no salary mentioned in trialbalance for that
particular month so how we can post this in profit and loss
a/c...........
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