entry for outstanding expenses
Answer Posted / p.venkat rao
1.in last financial year
expenses a\c dr
TO outstanding exp a\c
2. current financial year
outstanding exp a\c dr
TO cash\ bank
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Please explain the difference between provision and reserve?
what are the items falling under the category of reserves and surplus? whether bills of exchange is a reserves and surplus item 2.whther errors of omission will affect the trial balance
List the type of transactions entered in journal proper.
Mention why some asset accounts have a credit balance?
Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.
How to make privision in SAP. (Please revert on the possibility of making this happen at PO Stage)
Tell us what kind of work environment do you prefer?
What is creative accounting?
are tpt, freight & packing charges part of sales & purchase ??
we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?
Do you know in accounting, vat abbreviates what?
why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason
what is cost center & cost categories in tally
what is differnce between balance sheet of a bank & a company
What is the TDS rate in Maharastra, Tamil Nadu, Karnakata,Odisha & West Bengal. What is about Profession Tax.