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What is Outstanding expenses journal entry?
Debit outstanding expensesCredit expenses payable
What is the journal entry for outstanding wages?
debit wages expensescredit wages payable
What is the journal entry for outstanding salaries?
outstanding salaries a/c....................dr to outstanding expenses
How do you find days payable outstanding?
Indicates how the firm handles obligations of its suppliers. · Formula Ending Accounts Payable Purchases / 365
What is journal entry of outstanding rent?
outstanding rent account dabit to Mr ashwin
How do you pass journal entry of salary payable?
salary account debtor to salary outstanding account
What are synonyms for due?
expected, scheduled, fitting, deserved, payable, outstanding, owing, unpaid
What entry of outstanding salary paid?
[Debit] Accrued salary payable [Credit] Cash / bank
What is the journal entry for Outstanding amount owing to Office Supplies?
debit office suppliescredit accounts payable
What do you mean by aging analysis?
Aging analysis refers to the process of categorizing and analyzing outstanding balances on accounts receivable or accounts payable based on the length of time they have been outstanding. This helps businesses understand which invoices are overdue and to what extent, allowing them to prioritize collections or payments accordingly.
What is the Journal entry for outstanding rent?
debit rent expensecredit rent payable
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.
