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?
- 4 Answers
- 4992 Views
- I also Faced
- E-Mail Answers
Answer Posted / mudunoori
Shaan saab you didnt take proper care in preparing the
question.There are two types One TB without taking
provisions or adjustment entries and TB after taking
adjustment entries into consideration. All the adjustment
entries whether related to income or expenditure they will
be placed both in Trading Profit and loss a/c and Balance
Sheet.So be careful in posting question and Answer
Chavan and Kalyan you both without proper understanding
answered the question.So you both also take proper care as
I said above
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What will be the consequences if the partnership is not registered
honararium for the month of march 2013 can be paid on 31 mar 2013
what is contigent liabilities? whats it status in balance sheet?
Short answer on Allowances
Under the accrual basis of accounting incomes are recognised at the time -------------------
how to calculate stt
how to pass journal entry or where to show forein transaction reserv in Bal sheet. pls explain basic
Short Answer on ______Budget
What is COVER payment?
if a person join company on 01-04-04. after 5 year he is resigned on 31-03-09 and date of leaving is 14-04-09. Is he is on under gratuity payable or not? he is completed 5 years on 31-03-09. what is basis on calcultion on final settlement is date of resignation or date of leaving whcih is on 14-04-09.
What is difference between cash flow and funds flow?
Hi Iam Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Officer's post. Please help me I f u can. thanx in advance
Expand---------PSRT
Dear all We have purchases the dialer & loger with all equipement for setup new call center from simens ltd. i taken to in our books as plant & machinary under fixed assets .So we want the rate of deprecation. Please answered me .
what is the good prasentation on interview
