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entry for outstanding expenses
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Answer / cma vikram
O/s exp. a/c.....Dr
To Current Liabilities a/c
Effect 1 - add in P/L A/C Dr. side
eg. Exp.
add o/s exp.
Effect 2 - show in liability side of Balance Sheet
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / p.venkat rao
1.in last financial year
expenses a\c dr
TO outstanding exp a\c
2. current financial year
outstanding exp a\c dr
TO cash\ bank
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mohsin khan
salary a/c..............dr
TO outstanding salary a/c
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / saroj mishra
entry for outstanding exp.
1.Expenses a/c Dr.
to Outstanding expenses a/c
at time of payment entry will be as follow.
2. outstanding expenses Dr.
to Bank/cash
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / raghunadh
add to the expences a/c in profit&loss a/c and shows in
liability side in balance sheet.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / sunder saini
expenses a/c dr.
to outstanding Exp. ..............last year
outstanding exp. a/c dr.
to expenses
expenses a/c dr.
to cash
outstanding expenses are treated as p & L account because
outstanding exp. is look at liabilit side
| Is This Answer Correct ? | 1 Yes | 3 No |
Answer / nagendra prathap
outstanding expenes dr
to expenes A/c
| Is This Answer Correct ? | 1 Yes | 12 No |
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