swami madhvendra awasthee


{ City } varanasi
< Country > india
* Profession * student
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Question { 8665 }

is outstanding items (either expences or incomes) comes in
trial balance? if so how to treat them in financial
statements


Answer

in this case in financial statements outstanding items is
shown only in liability side of balance sheet not in trading
or profit and loss account.

Is This Answer Correct ?    4 Yes 0 No