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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 / sangita
It should have provision of entry so that no amount would
leftover for an accounting year which are definitely going
to inccured in future during an accounting year.It should be
added up with all other expenses in the P&L A/C and should
be treated as a liabilities in the Balance Sheet.
| Is This Answer Correct ? | 15 Yes | 2 No |
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