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Categories >> Accounting >> Accounting General


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 Accounting General interview questions  Accounting General Interview Questions (2777)
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journal entry of outstanding
 Question Submitted By :: Guest
I also faced this Question!!     Rank Answer Posted By  
  Re: journal entry of outstanding
# 1
Party's A/c .........Dr.

To Outstanding Expenses A/c.
Is This Answer Correct ?    11 Yes 4 No
Samrat Das
  Re: journal entry of outstanding
# 2
outstanding expences a/c .....dr.
to expences a/c
Is This Answer Correct ?    8 Yes 5 No
Shahid Raza, Pgdm,l.b.s,g.noid
  Re: journal entry of outstanding
# 3
Is This Answer Correct ?    12 Yes 2 No
Alok Patkar
  Re: journal entry of outstanding
# 4
profit and loss a/c..dr
to outstandind exp a/c
Is This Answer Correct ?    1 Yes 2 No
  Re: journal entry of outstanding
# 5
MR.Alok Patkar is correct

EXample: outstanding rent is 2000/-

outstanding is liability to the business and liability always shows credit it should be credit and respective account should be debit...
for above example entry will

Rent a/c..............dr
to outstanding rent a/c
Is This Answer Correct ?    9 Yes 0 No
  Re: journal entry of outstanding
# 6
Outstanding indicates both thing whether Receivable or Payable
if its Telephone charges Payable for the month of march,


Telephone a/c Dr
Telephone charges payable a/c
Because Expenses always shown dr balance and Liabilti always
shown Cr Balance

Is This Answer Correct ?    1 Yes 0 No
Raghu.aps Eveing V

Other Accounting General Interview Questions
  Question Asked @ Answers
What is the diffrence between Suspense a/c and imprest a/c   2
Name three (3) fixed-income security data points, which are different from those provided for equity securities   2
What is properties or real accounts?   3
What is goods and what is assets for an organization.if the organization is an educational institute   2
How to pass journal entry for service charges received after tds from a debtor?   1
What is a contra entry   5
What account payable entry   6
Purchases book records: (a) All cash purchases. (b) All credit purchases. (c) Credit purchases of goods in trade. (d) None of the above.   3
if we wrongly entered a payment as a receipt in cash book i.e 500000. then what is the difference in cash book and bank statement during the bank reconciliation.   1
Jurnal for interest chrgd by bank- Interest a/c dr To bank Bank is real a/c Que is why bank is credit as d rule is dr d reciever Wipro 3
My Annual salary 180000/- and house rent income 24000/- and for 2009-10.LIC paid Rs 18000/- annual and 3500/- mediclaim so please explain me with detals how caluclate the tax which is paid to department. Please give all details of calucation.   4
golden ruls of accounting   4
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