suppose total salaries paid is 10000, 1000 is outstanding. how
& which amount will shown in receipts & payment, income &
expenditure and balance sheet accounts
- 2 Answers
- 3646 Views
- I also Faced
- E-Mail Answers
Answer Posted / karthik
receipts and payments = 10000
income and expenditure = 11000
balance sheet = o/s salaries 1000(liability)
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Mention what is bank reconciliation?
Tell me what does the standard journal entry includes?
Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c
Who is the sundry creditors
Follow up ageing balances of Debtors & Creditors and also Inventory
What is general ledger account?
Tell me the meaning of long-term notes payable is or long term liabilities?
What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance
What does the abbreviation m mean in accounting?
Purchase Goods worth rs.1000/ icluding vat of rs 40/ & Service charge receive 1000/ including service charge rs 123.60/ What will be entry in Tally? Please Define me?
what is tribal area allowance means
As you know any other accounting application?
Dear sir, In tally what is list of cost centres? and what is the list of cost categories?
what is a corporate chart of accounts and its purpose?
Explain the term account payable?
