Interested to Buy Any Domain ? << Click Here >> for more details...
Outstanding Income & Advance income - Will it be shown in
P&L..? In b/s which side, it will be shown..?
- 11 Answers
- 38892 Views
- I also Faced
- E-Mail Answers
Answer Posted / vishwas
Outstading income & Advance income will not reflectin P&L
A/c.
We will show Advance income on Current Liabilitie side.
We will show outstading income on Current Assets.
| Is This Answer Correct ? | 31 Yes | 9 No |
Post New Answer View All Answers
At the time of death of a partner, firm gets ________ from the insurance company against the Joint Life Policy taken jointly for all the partners. (a) Policy Amount. (b) Surrender Value. (c) Policy Value for the dead partner and Surrender Value for the rest. (d) Surrender Value for all the partners.
wht is different between defered tax liablities and defered tax assets??????
How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power
Why we debit expenses and credit incomes ?
what are cost accounting and its applications?
How much mathematics knowledge is necessary or required in accounting?
Explain me scrap value in accounting?
Define push down accounting?
List out things that fall under intangible asset?
What is the journal entry of building rent and TDs payment?
At the time of advance tds deducted 2% contract which was wrong but when we adjusting the adavace tds deducting 10% rent how can we adjusting that amount
What's the accounting entry when an Invoice is created in AR?
In accounting equation what is the treatment of investment in shares??
What is accounting normalization?
How use Budget in SAP, i want to see the report of variant between budget and actuals.
