Interested to Buy Any Domain ? << Click Here >> for more details...
entry for outstanding expenses
- 25 Answers
- 45672 Views
- Adidas, Capital IQ, Ernst Young, I also Faced
- E-Mail Answers
Answer Posted / saurabh
expenses. a/c dr
to outstanding expenses a/c cr
(Being provision made for those expenses are not paid and
releted to same month & same financial year ended but which
is payable on next month & next financial year and shown on
the liabilities side of balance shhet in previous year)
outstanding expenses a/c dr
to cash/ Bank a/c cr
( closing entry will be pass in next month & next financial
year in the starting)
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
Do you know overhead in terms of accounting?
Can you differentiate public and private accounting?
what are the direct expense of loan department in banks.
Tell me about an invoice discrepancy you discovered and how you resolved it
OUR COMPANY IS ENGGAGED IN CONSTRUCTION ACTIVITY .WE ARE GOING TO PURCHASE EXACAVATOR MACHINE FROM THE INTERSTATE.WHETHER THE ABOVE PURCHASE COVERED BY ISSUING THE C FORM.
audit under section and penalty under saction scurtiny under saction
How is the accounting for hire purchase transactions done?
What does the word credit mean in terms of accounting?
What is diffrence Between GPF and EPF?.. can anybody explain..?
What do you know about this position?
whats the sales tax slab and company's turnover professional tax slab
Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?
What do you mean by material facts in accounting?
give me examples of the accounting reports you have prepared
Tell us why did you select accounting as your profession?
