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Answer Posted / manjeet kaur
A PERSON WHO IS DEDUCTING TDS IS REQUIRED TO DEPOSIT TAX
WITH THE GOVT. BY THE WAY OF CHALLAN.
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outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
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EXPAND______________ICT
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