Answer Posted / sandip goswami

Outstanding means an expense for which the due date has
passed. For eg. Salary was due on 30th sep but not paid, so
it will be an outstanding liability in the month of october.

Accrued means expenses that is going to occur in the near
future. eg Royalty, which is paid once in a year is divided
into a monthly basis so that it does not impact the P/L A/C
suddenly.

Can a company deduct TDS & provide TDS certificate for a bill without actually making payment towards the same??

1941

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Unrealised profit will be debited to ?

1912

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April-25 Paid to Mr. Y in full Settlement by Cheque Rs. 4800. April-26 Received a cheque from Mr. B in full settlement Rs. 4900.

3407

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pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.

2213

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As you know account executives need to be talented salespeople. Do you have experience making sales?

1026

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how will decide that vender payment is ok without reco

2354

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what is core accounting?

2313

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i am normally accountant. i am not a CA. then i learn a account maintain

1834

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Tell us why did you select accounting as your profession?

1077

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what is the primary of for-profit organisation

1888

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how to calculate forefeiture of share when over subcription

2250

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Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?

2099

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can any one tell what is the selection proces in cognizant for MBA finance

7024

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sir ,can effect on wbs element after wbs selected in t code : FBCJ for cash receipt?

2283

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Explain me your track record in previous jobs, specifically speaking to any mistakes you may have made. There is little room for error in accounting?

1119

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