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What is the closing entry for outstanding amount?
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Answer Posted / satyaki_raju@yahoo.com
Mr Nitin Dwivedi Balnces will be appeared in balance sheet
only when closing entries passed for outstanding
entries,and MR Karthik You conveyed your thanks to Iqbal
for giving answer I dont know what you understand from his
answer and more over you wrote a wrong answer .The question
is regarding closing entry but you wrote the payment
entry.both you are lacking and not involved so far in the
interesting subject. I am a practising Tax consultant. I
will guide you and help you if interested . If interested
please give your e-mail address
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