What is meant by Salaries Outstanding Accounts?
Answer Posted / pankaj kumar malviya
Outstanding Salary A/c is a Representative Personal Account as it represents a group of people to whom some amount of salary is payable. Similarly other outstanding and prepaid expenses also fall under the category of representative personal accounts.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Expand-------NAST
In what cases can Convertible bonds be considerred as derivatives?
What is outsider equity and time interest period ratio?
Do you need an income statement if you do part time contract work at home?
difference betwwen the 4.6 & 4.7 ecc versions
after directing tally 9 to calculate interest as per 30 day option basis on a loan account.........,it still calculates interest as per calender month when checked on to display>statements of accounts>interest payable in tally 9 ...where is the error?? how to correct the function.
what is your achievements?
pl send me SBI previous question papers for clerical post to my email id :jahnavi_devi@yahoo.com
How Are The Balance Sheet And Income Statement Connected?
What is the difference between income statement & Profit&loss A/c?
explain the financialand economic meaning of investment?
Expand----------CMST
what is the difference between Tally ERP and SAP FI ECC?
What exactly is derivatives segment. can u explain futures and options with examples...
In order to comply with the matching principle, adjustment entries are made at the preparation of ----------