Answer Posted / iqbal

for outstanding amount, no closing entry required becoz
closing entries are required for only nominal accounts
(revenues and expenses)whereas outstanding expenses are
liability type and outstanding revenues are asset type
accounts.

I work in a semi govt society. We purchased a flag for celebrating independence day in office premises . Plz tell me under what head / ledger of exp it comes

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What is the Assets & Liabilities?

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Short Answer on ___________Finance Bill

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• What is depreciation and the method?

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Expand--------TOS

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You configured new assets accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition. How many documents are created?( any 1 answer) 2 3 4 6

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hi, what type of questions are asked in capital iq interview .plz let me know. thanks... venkat...

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