procedure for accounting
This query is : Resolved
04 July 2008
hi,
i have a doubt,when will the expenditure payable and outstanding expenditure exists
(according to my thinking,payable exists when the right to payment exists and outstanding exists when the payment is not been made till the balance sheet date)
i have a doubt,when will the expenditure payable and outstanding expenditure exists
(according to my thinking,payable exists when the right to payment exists and outstanding exists when the payment is not been made till the balance sheet date)
04 July 2008
Expenditure payable and outstanding means the same...
Only when an expense becomes due, it becomes payable and when the amount is not paid...it is called as outstanding
Only when an expense becomes due, it becomes payable and when the amount is not paid...it is called as outstanding
04 July 2008
VIEW OF PC IS CORRECT
04 July 2008
they are one and the same.
04 July 2008
You are right
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