Treatment of prepaid expenses in the financial statement will depend on the trial balance. As discussed in the previous section, prepaid expenses may also find a place inside or outside the trial balance. Table 4.18 shows prepaid rent inside the trial balance. Account Rent Prepaid Rent Table...
Outstanding salary isa personal representative account. As per matching concept, salary is due but not yet paid. So, Unpaid salary to be shown as liability under 'Expenses Payable' or 'Salary Payable' in Balance sheet on liabilities side and on other aspect of dual entry to be placed in Pro...
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We should be able to keep balance between our incoming wages and the outgoing expenses.A.r We should be able to keep balance between our incoming wages and the outgoing expenses. A.remain B.contain C.maintain D.retain 点击查看答案 第4题 During preparation of a bank reconciliation, outsta...
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