entry for outstanding expenses

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Question Posted / naresh.arjuna

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entry for outstanding expenses..

Answer / md zubair

outstanding means due by company.

expenses a/c Dr
To o/s expences a/c.

Is This Answer Correct ?

116 Yes

7 No

entry for outstanding expenses..

Answer / swapnananda

expenses a/c ........dr
To outstanding expenses a/c

Is This Answer Correct ?

54 Yes

5 No

entry for outstanding expenses..

Answer / hemant dubey

expense a/c dr.
To O.S. expense a/c cr
Expense will reflect to P&L account and while O.S. Expense
will show in Liablites (Balance Sheet )

Is This Answer Correct ?

46 Yes

3 No

entry for outstanding expenses..

Answer / parushuram

expanse a/c dr.
TO outstanding expanses a/c

Is This Answer Correct ?

33 Yes

4 No

entry for outstanding expenses..

Answer / dharmesh sati

This is one type of Provision Entry mean adjustment entry
for view clear financial position

Outstanding Expense mean expense occoured but not accounted
in books so entry should be

Expense Account Debit

to Outstanding Account (Expense) Credit

Is This Answer Correct ?

26 Yes

2 No

entry for outstanding expenses..

Answer / mahesh

expenses a/c dr
to out standing expenses a/c

Is This Answer Correct ?

19 Yes

3 No

entry for outstanding expenses..

Answer / tushar

When expenses became due or provision for any expences:-
Expenses A/c Dr.
To Outstanding Expences/Expences Payable A/c

At the time of payment of outstanding expences;-

Outstanding Expences/ Expenses Payable A/C Dr.
To Cash/Bank A/c.

Is This Answer Correct ?

9 Yes

3 No

entry for outstanding expenses..

Answer / rakesh93933@hotmail.com

expence a/c dr
to outstanding expence a/c
this when expence is outstanding
when the expence is paid then the entry will be
outstanding expence a/c dr
to cash a/c

Is This Answer Correct ?

1 Yes

0 No

entry for outstanding expenses..

Answer / girish

Expenses A/c Dr
to Expense Payable (which is outstanding)

Is This Answer Correct ?

1 Yes

0 No

entry for outstanding expenses..

Answer / saurabh

expenses. a/c dr
to outstanding expenses a/c cr

(Being provision made for those expenses are not paid and
releted to same month & same financial year ended but which
is payable on next month & next financial year and shown on
the liabilities side of balance shhet in previous year)

outstanding expenses a/c dr
to cash/ Bank a/c cr
( closing entry will be pass in next month & next financial
year in the starting)

Is This Answer Correct ?

1 Yes

1 No