Outstanding Income & Advance income - Will it be shown in
P&L..? In b/s which side, it will be shown..?
- 11 Answers
- 35616 Views
- I also Faced
- E-Mail Answers
Answer Posted / kiran
Outstanding income is nothing accrued income which is earned but not yet recieved,
Advance income which is earned prior to the service/goods sold.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
How can i learn shortly Tally from computer coz, i want to take a company Balance Sheet
cash with drawn from bank with issuing self check vide ch no.123456 how to enter in sap. please send answer anyone this is very helpful to me
what is a grn in terms of accounting ? what is a grnthroughpo in terms of purchase order? what is a direct grn?
I want to know accounting information in oracle apps projects costing module. i.e Which account is cr and which account db. Please help me.
The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above
Do you know what is double-entry accounting? Explain with an example?
Tell me what is gaap?
What are the steps to take before you approve an invoice for payment?
Do you know what are trade bills?
How many types of business transactions are there in accounting?
i WANT TO KNOW WHAT IS THE INTEREST RATE IF WE CAN NOT PAY THE DEPOSIT SALE TAX AMOUNT WITH IN PERIOD
Do you know what is balance sheet?
What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?
What is the difference between inactive accounts and dormant account?
how to finalised the Balance sheet & profit & loss A/C
