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Should Accrued expenses be exclusive of GST goods and service tax?
Yes, they should be exclusive of GST, as you would be overstating your expenses and understating GST paid.
Record expenses that have incurred but not paid for yet?
Accrued Expenses
What is journal entry of outstanding expenses?
Outstanding expenses are those which are yet to be paid in current financial year. Journal entry would be Expenses a/c dr to Outstanding expenses a/c Outstanding expenses should be crecdited because its a liability for the company.
Difference between outstanding expenses and prepaid expenses?
Outstanding expenses are the expenses which have fallen due at the end of the accounting period but which has not been paid. Its a liability for the company and will be shown under the Current liabilities and provisions. Prepaid expenses are the expenses which paid during the year before its due. The money is paid out but its not due at the end of the period. Its an asset and will be shown under current Assets in the Balance sheet.
Expenses that have been incurred but have not been recorded in the accounts are?
Incurred Expenses also sometimes known as Accrued Expenses are expenses that a company incurs but has not yet paid. Unless the company in question uses Cash Basis Accounting, the transaction should be recorded immediately as a debit to the appropriate expense account and a credit to the appropriate payable account.It is an "unrecognized" expense until it is recorded, not necessarily paid.
Explain expenses that are paid for you?
explain the expenses that are paid for you?
Should Accrued expenses be exclusive of GST goods and service tax?
Yes, they should be exclusive of GST, as you would be overstating your expenses and understating GST paid.
What should you do with money left over after monthly expenses are paid?
Put into a savings account.
What is limit of miscellenous expenses as Cash paid?
how mush expenses can be paid in cash to a person in a year
When was All Expenses Paid created?
All Expenses Paid was created on 1959-10-28.
Can ownership rights be revoked if joint person does not help with the expenses?
No. You should keep the expenses paid and sue the other owner if necessary. Perhaps you should make an agreement to buy them out and deduct the amount they owe for expenses from the purchase price.
What bills are to be paid first from a will?
funeral expenses,, medical expenses and all other outstanding expenses which were not paid when the deceased person was still alive.
What should you do with money left over after all monthly expenses are paid?
Put into a savings account.
What should you do with the money left over after all monthly expenses are paid?
Put into a savings account.
Are funeral expenses to be paid before the insurance proceeds are divided if the beneficiaries on the life insurance policy are minors?
Funeral Expenses and costs are determined by the funeral home providing the services not by the probate process. Funeral expenses should be paid promptly and if agreed, reimbursed later.
Record expenses that have incurred but not paid for yet?
Accrued Expenses
What is journal entry of outstanding expenses?
Outstanding expenses are those which are yet to be paid in current financial year. Journal entry would be Expenses a/c dr to Outstanding expenses a/c Outstanding expenses should be crecdited because its a liability for the company.
