Answer Posted / a.r. kalpana

Salaries Outstanding accounts are a personal a\c.

If a business is not able to pay salary for the last two
months to all the workers or some of them the workers will
be treated as the creditors of the business(since they have
given the services but in exchange they have not been paid
for). The amount due to these employees will be added and
put under one common title "Salaries Outstanding account".

Thus the salary outstanding account is a personnal account
representing the employees.

What is accounts payable?

2135

---

What is Acquisition?

2460

---

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

1912

---

What Kind Of Requirements for Vat Refund And Assessment Cases

1842

---

what is assessment? how many types of assessment will be there? and what is the documents and preparations for sales tax, service tax assessments??

2007

---

Hello to every body ... Its not its not a interview question In accounting field can we make Money ?

1977

---

Pls Explain Accounting Standered 1,3,11,29

2343

---

Mention some of the major contributions made by you in your present and previous jobs

6147

---

what is investment banking

1986

---

Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?

1966

---

What was the most chlleging task you face while working in SAP FI/MM and how did you solve?

1940

---

paid two years rent N1200, bought Motor van for cash N3000

1992

---

EXPAND_________TOEFEL

2174

---

what is meant by qurum

2495

---

Distinguish capital and revenue expenditure

2100

---