Outstanding expenses and Provision for any expense will
come under liability side...?
Though it is basic question, it is to ensure the answer.
- 2 Answers
- 32587 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sudhansu dash
Outstanding expenses is a libility for the company which
has to pay in future date similary provision is also a
libility which company will make face the future expenses.
Outstanding expenses like, Telephone bill or elec. bill.
ect.
Provision for expenses like, we have a dispute regarding
telephone bill or salary payment etc. most of the time
these amount are payable amounts.
Both are the same in nature therefore we have to consider
this as Libility to the company or libility side of the
Balance Sheet.
| Is This Answer Correct ? | 43 Yes | 3 No |
Answer / anjan kumar
Both outstanding expenses and provision for any expense
will be treated as liability for the future period, hence
it will be treated as liability and shown in the liability
side under the heading current liabilities and provisions
of the balance sheet of the company.
| Is This Answer Correct ? | 20 Yes | 4 No |
what is the difference between derivatives and swaps
9 Answers Capital IQ, FactSet Systems,
i dont know to calculate sales tax. how to calculate sale tax and what are basic procedure to calculation sale tax. i want basic procedure. any to know calculation of sales tax please send my mail. my id: rajendiranraje@gmail.com
What is the difference between Capital and Total Equity in a Company?
Hi,Friends, I have a simple question in my mind that I have one head office that in faridabad and other branch in delhi,i purchase material in delhi for availing the tax benefit in delhi then i transfer the same material to head office(faribabad) agianst "F" form,i purchased material in delhi basic price rs. 5 +.42 taxes it comes rs. 5.42/-,my question is on which amount i should transfer the material from delhi to faridabad i.e 5,5.42 or 5 + freight(if any).kindly please solve my problem.
what is the accouniting
if sale is rs 500000 lac and book profit is around 40000 thousand, what is the procedure to pay salary to working partner.should is pay as per deed or should i go with slab in which i can pay 90% of book profit as salary
under which accounting rule prepaid salary?
what is the tally accounting.
1 Answers Park Controls Communication,
What is 3/3 in Procure to pay (p2p) in Accounts Payable?
what is the difference between contra entry and double entry?
Tell me how many types of business transactions are there in accounting?
when receieve cheque from a party and we deposite cheque in bank how do this entry
Audit 
