What is meant by Salaries Outstanding Accounts?

Answer Posted / pankaj kumar malviya

Outstanding Salary A/c is a Representative Personal Account as it represents a group of people to whom some amount of salary is payable. Similarly other outstanding and prepaid expenses also fall under the category of representative personal accounts.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

credit card entry in tally

995


What is the Assets & Liabilities?

1797


what are the type of cash flows?

2296


i want the difference p&l a/c and Income and expediture statement

1602


What is the important of cash in a business unit

1530






Do you need an income statement if you do part time contract work at home?

1697


What is Goods Lost by Fire/Accident/Theft ?

1333


Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.

1923


what s BSPL and its significance?

3624


Expand MNS

1729


how an accountant can do budgetery controls of expenses?

1700


How do you manage the sales account in tally

1590


what is difference between account and accounting

1318


what's accounts payable

10710


HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?

1627