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 / s
All Payable entries create under liabilities group, sapose
mar month expenses payables like salaries payable,
electricity payables we have to pay coming next month ... so
in that period mar month liability shoing Cr Balance so, in
Trial balance it will show as a liability...
| Is This Answer Correct ? | 19 Yes | 5 No |
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