Answer Posted / d.vinay

for prepaid expense:

1.prepaid expense a/c dr
TO concerned expense a/c

eg:-for prepaid salary entry will be

prepaid salary account dr
TO salary account


for outstanding expenses :

1.expense a/c dr
TO outstanding expenses a/c

eg:- for out sanding salary

salary a/c dr
TO outstanding salary a/c

Data flow of Accounts payable to General ledger?

1241

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you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.

2263

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Explain why retained earnings have an opportunity cost associated?

2937

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Short Answer on __________Revenue

1478

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If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?

1599

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if you fix salary to some body for Rs.10000/- what are the segregations to be done and what are the deductions to be done (segregations like basic, da,ta,conveyance etc., how ? what percentage what speaks law) and deductions what are those like, pf,esi,pt, etc., what ever

1544

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Difference between nonoperating expentiture and non cash expenditure

1908

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Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.

1592

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How can retify the errors in the trial balance

1711

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How to caluculate the value of Corporate Profit, the value of personal savings and the value of indirect tax?

1456

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After Posting the Document in SAP FICO Using the sort key then where we can see the sort key in SAP

1921

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WhatIs the limit of duty exemption in smal scale industries.

1716

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What is Summarising

1858

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explain about mergers & aquisitions? asked on 30/7/09

1730

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What do mean by Computerization of accounts

2105

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