what is the treatement of outstanding expenses in Tally
accounting package? where it shown and what is its account
type?
Answer Posted / ayesha
You should create a Respective outstanding expenses ledger under the head current liability and it will display in balance sheet
| Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??
can we get all interview questions with answers in tally 9 which mostly asked in MNC's.
What is fixed liabilities
What is Compliance?
What is Merchandising Accounting process
For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production
What are the major responsibility's of an accountant? what are the qualities he /she requires?
please send me some previous sbi clerical interview questions to my email id....
difference between office expense and miscelleanous expense with some examples
We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey?
Name the Accounting Concepts
Indian Iran Gas pipeline
define holding company,public company, if the compnay be a public company what will the criteria? asked on 30/7/09
what is the difference between speculation & investment?
What is meant for GR form, which is used in export of goods without of payment of duty ? For what purpose we use it ? Should merchandise exporter use it ?