What is the closing entry for outstanding amount?

Answer Posted / karthik

Agree with iqabal

thanks for giving answer..

but we can pass the entry like;

cash or bank a/c.........dr
To Outstandingexpeses a/c
(being the O/s Expenses cleared)

Is This Answer Correct ?    1 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is cnc machine hour rate? how it is calculated?

4533


What is Profir/Earning Before Tax and Profit after tax any one explaint this Clearly.

1847


Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER

1749


plz send me a solved paper on SBI of clerk post

1838


what is the procedure of interview question in genpact

1784






what is composition vat

1929


wages posted twice what is the entry for that?

1924


Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000

1216


what are the different kinds of cash books

1617


Expand--------SRTA

1528


What Are The Characteristics Of Modern Accounting?

4239


Expand-------ATBN

1714


Expand-----RTD

1606


with out college degree con't we dc accounting job?

1596


after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...

1543