In what circumstance month end liability wil increase ?

Answer Posted / funsuk wangdu

when we do not pay monthly revenue expenditure, by the
effect of this liabilities will increase.
for example - outstanding wage or salary

Is This Answer Correct ?    10 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how to calculate vat,pf,esi,service tax in corporate firm

1532


When you prepare Profit and loss A/C either you will get profit or loss but not both.Then why we are saying it as profit AND loss A/C,why cannot we say it is as Profit OR loss account?

1482


i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial

1571


Horizontal balance sheet versus Vertical balance sheet

1743


bookkeeping, and accountancy,purchase procedure , Educational institutions ;, secretarial practices, Administratire and Academic rules and regulations in Government offices, Academic institutional , computer skils. etc

2591






on the basis accounting,acounting is divided in to how many classes and what are they?

1367


6. What is the amount of Simple Interest on $ 1,500 for 90 days at 6% interest (year is 360 days)?

1562


Hi, Mobile manufacturing given a mobile phone as a gift to their employee. What journal entry we need to pass in company point of view.

493


A company primarily operating from own land, takes on rent building for staff quarters. Whether rent paid on such staff quarters qualifies as capital investment?

1452


Do you know in accounting, vat abbreviates what?

656


please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?

1383


Why some asset accounts have a credit balance?

646


What is debit and credit note?

694


Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????

979


List out some of the accrued expenses and the accounts in which you would record them?

606