What is the closing entry for outstanding amount?
- 13 Answers
- 17225 Views
- IBM, I also Faced
- E-Mail Answers
Answer Posted / pankaj
correct me if m wrong, see O/S means which is not yet properly done so as per our GLDN RULZ.-------DR. All loss nd expenses......in final account we do as adding to concernside and and second effect ll be on liability.......suppose for an example..........
O/S SALARY..........ENTRY-----
P&L a/c dr
to liability
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry
What are the things are not Included in Annual Reports?
im preparing for the sbi clerical post please send me the solved questions.
define accounting,scope of account , types of account ?
company accounts introduction?
How the sub ledgers(AP, AR) integrate with GL liability and receivable
what is GL Balance
Hi...At present am doing my second year B.Com.I want to do Chartered accountant.Could you send me the details such as when i can start this course,levels of course,proceudre to start( training and prerequirement if any)?And also do let me know is it possible to start from madurai.Note: I wanted to start by regular classes not by distant education. Thanks in avance.
who invented acounts?
what would you contribute for bhels growth
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company
Expand-------ANTS
About Funding Working Capital to a Company? A company Turn over is 12 Cr, but in the bank statement credits per month is more that 3 Cr? how this could happen? awaiting your views?
in accounts welding institute which category will come for example 1. recruitment con.pvt ltd. is man power recruit category ,so iwant to welding institute (learning welding and fibrication)
EXPAND_________SEC
