Answer Posted / pankaj
assets which is under disputes of parters or of companies, that is to be treated as contingent assets.............
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Hello to every body ... Its not its not a interview question In accounting field can we make Money ?
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
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Expand-------NABT
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