how will be the entry of outstanding salaries in receipt &
payment account, income & expenditure & balance sheet

Answer Posted / tapan kumar roy

OUTSTANDING WILL NOT COME IN RECEIPTS & PAYMENTS,IN INCOME EXPENDITURE IT WILL COME IN EXPENDITURE SIDE,IN BALANCE SHEET
IT WILL COME LIABILITIES SIDE UNDER CURRENT LIABILTIES.

Is This Answer Correct ?    3 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

if any otion in tallyerp9 version about doing Luxury tax work

1672


what are the main important accounting entries for AP and AR ...

995


If a transaction was missed completly how do you find it?

1633


what is difference between budgeting and Forecasting

1203


What is trial balance? What does an accurate trial balance suggest?

604






Do you know balancing in accounting?

617


Hello Friends, I am Vinod Rawat & want some tips of interview question for the post of accountant in a reputed company Pls. Given Examples.

1561


What are assets minus liabilities?

621


a cc. has balance Rs. 8,40,000 at the credit of profit and loss a/c this balance is used for redemption of debentures what will be the entry

1514


Do you have any professional experience in this field?

638


What are the 5 basic accounting principles?

626


Tell me the meaning of long-term notes payable is or long term liabilities?

595


our cheque to Arshad Khan was dishonored?

974


what is groups and and ledgers in tally can you give why we need to prepare them

2082


what single discount is to2 successive discount of 10%& 15%

1465