Interested to Buy Any Domain ? << Click Here >> for more details...
Outstanding Income & Advance income - Will it be shown in
P&L..? In b/s which side, it will be shown..?
- 11 Answers
- 38715 Views
- I also Faced
- E-Mail Answers
Answer Posted / arooj
outstanding income means accrued income that is the income
which have not been received yet even though the event been
incurred so it is our accounts receivable and so
asset
advance income is the income received in advance n event
not incuurred as yet so till we dont provide services for
which we have received income its our liability
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
In the Manufacturing IF QC reject the material. Then where to record rejected material amount.
Tell me why did you select accounting as your profession?
What is a ledger in regards to accounting?
How does Cheques work while processing it in SAP? What are the effects and the methods.
How did you chose your university?
How to prepare HSD statements in tally
how go make jaggery sales and purchace bill in tally 7.2,jaggery lumbs comes in different weight not fixxed weight and i want stock in lumbs and bill amount in rupees (exp.lumbs/weight/rate/amount-1000/102.50/2500/256250)
Cello pen gross value is 935.89 for 12 nos 14.5% tax
x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?
What Is Responsibility Accounting?
Horizontal balance sheet versus Vertical balance sheet
Did you use accounting applications at your previous companies or prefer working manually??
1.WHAT IS BRS? 2.WHY DO WE PREPARE BALANCE SHEET? 3.WHAT IS TRIAL BALANCE? 4.WHAT IS VENTURE CAPITAL? 5. WHAT IS DEFFERED REVENUE EXPENDITURE?
how many view the tally backup erp9 after the tally backup in tally
Tell me as a higher position in the accounting department, you will be responsible for overseeing other employees' accounts. What experience do you have in leadership and management that will prepare you for this responsibility?
