Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / h.r. sreepada bhagi
Expenses which relate an accounting period but paid in a
subsequent year are accrued ecpenses. Accrued expense need
not be due for payment.
These expenses will be debited to the Profit & Loss A/c of
the year to which they relate and shown on the liabilities
side of the Balance under Current Liabilities & Provisions
(In horizontal Balance Sheet). In vertical Balance Sheet
format, Current Liabilities & Provisions are deducted from
Current Assets and Net Current Assets is shown.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
hi, this is shanthi kumar(M.Com). i would like to attend interview in genpact company.please send finance interview questions and interview details. thank u very much
What are document required by the bank to make payment for debit memo (Import). if we have allready made payment for orignal bill.
In accounting, are assets a permanent account?
what is bond wash transaction ,when we have to use it, and what is the procedure please help me with examle
What are bills receivable?
What is the entry to be passed on receiving the tds certificate in the books of the deductee?
hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..
Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.
What is computerized accounting?
What qualifications have you achieved?
Account for letter of credit in the books?
List of Indian accounting standards and international financial reporting standards
What is tally and its features?
the bank returned S meyer cheque for R450. the cheque has been dishounerd because of insufficient funds, discount of R50 was allowed the account was settled
what is gl a/c? & why is it maintain
