is outstanding items (either expences or incomes) comes in
trial balance? if so how to treat them in financial
statements
Answer Posted / ramesh.c
Outstanding items not comes in trail balence,it is only
adjustment entries.
Treatement: outstanding expences add to expences in
p&laccount(debit),and showned in liabalities side.
outstanding incomes credit in p&l account,asset side in
balence sheet
Is This Answer Correct ? | 2 Yes | 3 No |
Post New Answer View All Answers
Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note
i am the student of icwai (intermidiate) What is the tds and how use the different state ..
Whats the Balnace of Closing stock so if we issued the materil then the Closing stick will be dr and in case we pirchsed the materil the closing stock will be cr so tell me that i m correct or not
Dear sir,i have completed M.sc,MBA.STILL I AM NOT GETTING WELL POSITION .I THINK ON LOW BUGET ON COURSE TO IMPROVE MY POSITION IN FINANCE FIELD.
EXPAND_________SEB
Is WCT paid to be considered as overhead during costing in construction firm?
What are the names of the codes which are needed for RTGS ? Payment and wire transfer respectively ?
which name written in Tan application form Applicant is sole proprieter companies name or individual name?
Process of the settlement cycle?
total capital stock
different between acconting and elective mathematics
Can v transfer trail balance to journal entry how and with example?
4. Calculate the following from the particulars given below: i) Material Cost Variance ii) Material Price Variance iii) Material Usage Variance iv) Material Mix Variance v) Material Yield Variance Material Standard Actual Qty kgs. Price Rs Value Rs. Qty kgs. Price Rs Value Rs A 50 4 200 40 5 200 B 30 6 180 30 6 180 C 20 3 60 30 3 90 100 440 100 470 Loss 20 ----- 30 ----- 80 440 70 470
what is absorbtion coasting?
Short Answer on _________Business