entry for outstanding expenses
Answer Posted / saurabh
expenses. a/c dr
to outstanding expenses a/c cr
(Being provision made for those expenses are not paid and
releted to same month & same financial year ended but which
is payable on next month & next financial year and shown on
the liabilities side of balance shhet in previous year)
outstanding expenses a/c dr
to cash/ Bank a/c cr
( closing entry will be pass in next month & next financial
year in the starting)
Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
Why an Expenditure is called Differed?
were you happy with the grades you achieved at a-level?
How do you prepare mis reports?
what is share application money pending allotment?
what is difference among credit, loan, advance
What is the formula for acid test ratio in accounting?
I got below mail stating to pay 8000 rupees to Wipro but when I went to wipro in sajapur, it was fake mail. If u receives this kind of mail, please don’t respond. Please inform to ur friends regarding this.
Wipro Limited
Dear candidate
Your Resume has been selected by ( Wipro Limited). I have attached your
Interview Process letter with this email. Kindly see the attached file.
Note - you can call in official working Hours Monday to Saturday – 9 Am to 2 Pm,
Company Website – www.wipro.com
Note - And more details you send a email Company
Email Add – career@wiprolimited.in
Best Of Luck
For More Details Please Click Here
Wipro Limited What is the depreciation rates for all the assets?like
plant & Machinery,computers,software,land & buildings Is buy or sale trade will impact on Nov? Yes/No
Please explain. How the MIS format made up in XL. Is there Disqualification of Auditor u/s 139 of Companies Act 2013 if the auditor is indebted towards the company to be appointed as an auditor, if amount exceeds more than Rs.1000 as against the provision related to Companies Act, 1956 ? What is the important of computerized accounting to manual? Tell me what is ledger? what are the processes of account reconcillation Hi
I would like to know what is journal entry for buying securities with Margin Trading I mean 50% of cost is paid by broker.
2nd question is when we withdraw extra money from the balance we have in bank account which means our balance become (-) what is journal entry for that, should I just credit the bank or should I put the extra money with-drawled as a liability account ?
Thank you in advance!