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if accountant miss the journal entry of outstanding
expenses. since its is a error of omission it cannot affect
the Trial Balance how we auditor find it out.
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Answer Posted / rahul
Main reason for creating provision for outstanding expenses
some of the amount for the year ending has to be created in
order determine the amount of expenditure actual going to
incurred in that month
| Is This Answer Correct ? | 25 Yes | 7 No |
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