Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / favas
In simply Outstanding expense is The Expense due but not paid.
Journal entry of Outstanding expense:
Expense a/c Dr xxx
Expense payable. xxx
| Is This Answer Correct ? | 19 Yes | 5 No |
Post New Answer View All Answers
The cost equation y= $0 + $1.60x represents which type of cost? Variable, Fixed, or Mixed
Short Answer on ______Budget
what is an advance against expenses
I am maintaing books of accounts a Software Co. Kindly advise me Account Head of these exps. (Software Exps.,Internet Exps., Video Exps.,Server Maint.Exps.,& SMS Exps.,) Thanks
What is the analytical way of accounting?
What are Corporate Action?
Up to what time we can show TDS Receivables under Advance Income Tax A/c?
EXPAND___________NBFCS
If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not
Short Answer on _____________Accident Insurance
bank exam paper
what are the different kinds of cash books
What is meant for GR form, which is used in export of goods without of payment of duty ? For what purpose we use it ? Should merchandise exporter use it ?
From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900
How the sub ledgers(AP, AR) integrate with GL liability and receivable
