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Answer Posted / kaleem
The actual question is Journal entry for Outstanding ??
and the Answer is
Expenses(Audit fee) A/c ----Dr.
To Outstanding expenses (Audit fee)A/c---Cr
and at the time of clearing Outstandings..
Outstanding expenses(Audit fee) A/c----Dr.
To Cash/Bank A/c----Cr
| Is This Answer Correct ? | 3 Yes | 0 No |
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