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how to treat outstanding salaries in accounts statements, how
it is shown in receipts & payments account, income &
expenditure account & balance sheet
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Answer Posted / tapan kumar roy
SALARIES A/C DR
TO SALARIES PAYBLE A/C
IN CASE OF RECEIPTS & PAYMENTS NO EFFECT,INCASE OF INCOME EXPENDITURE IN EXPENDITURE SIDE, IN BALANCE SHEE SALARIES PAYBLE IN LIABILITIES SIDE UNDER CURRENT LIABILITIES.
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