Answer / manoj mishra

Outstanding Salary is Rep. Personal A/C, Hence
MR. X A/c ---Dr.
To Outstanding Salary A/c

If the final accounts are prepared the liability will go to the balance sheet on Dr. Side. and will be carry-forward.

How to take the closing balances of all ledgers into next financial year as opening balances in tally?

2 Answers  

---

how to enter in tally propritor has withdrawl cash from the business

1 Answers   Karthik Industries,

---

Is there any different between Modvat & Cenvat...?

2 Answers   Coal India,

---

Why is Interest A/c debited and Bank a/c credited when interest is charged by the bank?? Here I assume Its an expenses so interest is debited but I don't understand why bank is credited?? Bank is a personal account. Please explain this doubt?

2 Answers  

---

What are the different types of gst?

0 Answers  

---

---

how to show provident fun in balance sheet

4 Answers   Genpact, WBCS West Bengal Civil Service,

---

what means accounts

1 Answers  

---

give 3 reasons why capital is referred to as a special liability

0 Answers   KCA University,

---

what is liability

6 Answers  

---

Explain what are the accounting events that are frequently involved in compound entries?

0 Answers  

---

what comes under real account?

3 Answers   CS Engineering, SK Accountant,

---

Difference between Journal and Journal Proper???

1 Answers  

---