outstanding expenses are the expenses that "unpaid"at the
end of the accounting period e.g.salaries rent so they all
come to under nominal accounts which is debt all expenses
and losses and credit all gains
since they are unpaid hence they must be credited
No Answer is Posted For this Question
Be the First to Post Answer
Calculate the total Depreciation for four or five Years so practice some problems on depreciation?
What Are The Characteristics Of Modern Accounting?
what is fixed cost?
Who is the maker of the promissory note
Define PARTNERSHIP
what is Reverse Repo Rate?
4 Answers ICICI, Nabard, SEBI, State Bank Of India SBI,
What is RTGS system and when it was formulated and who?
SHORTCUT KEYS WITH DESCRIPTION IN TALLY7.2 PLZ ANSWER IT.
If an overpayment (more than was paid) was posted on a statemnt, can I just make a debit note on the account with the difference? Example Customer had to pay me R 10 000 Payment on his statment was passed for R 15 000 Can I make a debit note with the dif of R 5 000, to rectify the account for the specific month?
what is Derivative?
what are the type of t.d.s. entries ?
i want more question for account for infoys inteview please send me fast