entry for outstanding expenses
Answer Posted / rakesh93933@hotmail.com
expence a/c dr
to outstanding expence a/c
this when expence is outstanding
when the expence is paid then the entry will be
outstanding expence a/c dr
to cash a/c
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales
How you can adjust entries into account?
Scope and nature of Accounting
Do you know overhead in terms of accounting?
when an amountis declared as NPA by a bank whether any interest can be debited to that account after the date it is declared as NPA ? What are the guidelines of Reserve Bank of India in this respect ?
using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts
Do you know what is liabilities and what all does include in current liabilities?
What are the advantages & disadvantages of double entry system?
IS THERE ANY DIFFERENCE BETWEEN PAID UP CAPITAL AND PAID IN CAPITAL?
What are the objects of cost accountancy?
What is the general classification of accounts that usually ledger account involve?
Q1©. Gratuity of Rs. 1,20,000 is received in August, 2007 by Mr. M, a legal heir of Mr. R aged 45 years who died on June 28, 2007. Is it taxable?
What are accounting entities?
How create the invoices?
what are the direct expense of loan department in banks.