How to explain salary outstanding as per traditional approach?
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Answer / vijaya
salary to be payble transfer to salary outstanding A/c , have to prepare ledger in month end
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Salaries and wages per general ledger is 288,000 of which 56,500 is paid in advance. Req: Prepare adjusting journal entries from the books of audrey company as of dec 31 09. (pls help me with this, I'm a bit slow but willing to learn, thanks!)
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How is the accounting for hire purchase transactions done?
Audit 
