Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / rasheed
MR.Alok Patkar is correct
EXample: outstanding rent is 2000/-
outstanding is liability to the business and liability always shows credit balance....so it should be credit and respective account should be debit...
for above example entry will
Rent a/c..............dr
to outstanding rent a/c
| Is This Answer Correct ? | 24 Yes | 0 No |
Post New Answer View All Answers
x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?
what is turn over? what is vat? what should ido to become a expert in acount? plese ans me
What is "deposit in transit"?
what is t code of gr/ir report?
Tell us do you have any professional experience of this field?
What is journalizing? What are the columns of a journal?
what's the difference between impress cash account and petty cash account
Tell me about an invoice discrepancy you discovered and how you resolved it
What are the functions of manger -accounts and manager-finance? Explain in detail
what is lease accounting?? please explain me....
Explain me bills receivable?
What does a demo/presentation need to be effective?
In Service tax Return ST-3 What is meaning of first Row (i) Service tax payable (a) Gross amount received in money (I) Against service provided Pls explain in detail
What are the activities that are included in the cash flow statement?
Please would you provide me with a defenition of Cycle count tolerance ? Thank you
