Salary outstanding account
What type of Account is Salary outstanding? What do you think, it is real or personnel or the nominal account?
Expert
The Salary outstanding is an administrative expense or instead an indirect expense. When the salary outstanding is associated to preceding year then it shall be debited to gain and loss account as an expenditure and the amount associated to present year shall be illustrated as present liabilities beneath the liabilities side of the balance sheet. As far-off as it is real, the nominal or personnel is concerned, this is nominal account as the golden or best rule of accounting for nominal is debit all operating expense and losses and credit all the incomes and profits.
Explain Cost of goods and how they are used in estimating gross profit and net profit of the business?
DESCRIBE THE ADVANTAGES AND DISADVANTAGES OF MONEY MEASUREMENT CONCEPT
Investment approach of Warren Buffet: According to Benjamin Graham, the father of securities analysis, value investment was the only form of investment which means that purchasing a stock at less than its intrinsic
Why it would be useful to examine a balance of payments of the country data?
My friend is in a new long distance relationship. My friend wants to ask to identify the challenges or difficulties of long-distance romantic relationships and explain communication strategies for coping with these challenges. The res
There are seven typical stages in the life cycle of a family with children. Fully explain and give an example to describe each of those seven stages.
What are Liability and Assets in Accounting equation. Also describe it with the help of formula.
Mutual funds that hold both bonds and stocks. Some asset-allocation funds follow specified allocation percentages and others take advantage of current condition. Those that take advantage of current condition is higher risk, because the fund manager tries to adjust the allocations to take advanta
Specify the basic motivations for the counterparty to enter into the currency swap.
List the benefits of investing through the international mutual funds?
18,76,764
1927085 Asked
3,689
Active Tutors
1422692
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!