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What is the difference between outstanding assets and outstanding liabilities?
Outstanding assets are assets that are owed to an individual or business. Outstanding liabilities are debts that ill be incurred in the future.
What are out standing expenses?
Outstanding expenses refer to costs that a company has incurred but has not yet paid. These can include bills, invoices, or any other obligations that are due but not yet settled. Outstanding expenses are typically recorded as liabilities on the balance sheet, reflecting the company's financial obligations. Managing these expenses is crucial for maintaining accurate financial records and ensuring cash flow stability.
What is the journal entry for outstanding salaries?
outstanding salaries a/c....................dr to outstanding expenses
Outstanding expenses under which group?
outstanding expences is an current liability
What is meant by acceptance outstanding?
Letters of Credit outstanding - this account arises out of the issuance of letters of credit for which the bank obligates itself to pay or guarantee payment. The bank has a right of recourse against the customer whose credit it substitutes. Acceptance outstanding - this is similar to the account letters of credit outstanding except that it makes the bank's obligation more real than contingent. the bank will honor the drafts presented to it and will also have the right of recourse against the customer. The acceptance makes the instrument easily negotiable and more acceptable for discounting. source: Banking theory and practice by: Mercedes M. Leuterio & Consuelo B. Estepa
What do credit card companies call someone who pays their bills?
Outstanding Bills
Can you find out who has blacklisted you and why?
i have had several outstanding bills and want to know if i am blacklisted
What bills does bankruptcy cover?
Bankruptcy cover credit card bills. Bankruptcy can also cover outstanding debts from doctors, utility bills, and bank loans, as well.
Is a spouse responsible for deceased spouses medical bills?
No - a person's debts die with them. The spouse of a deceased person is not responsible fofr their outstanding bills.
How much money do they take for overdue hospital bills if you win lottery?
If you win sufficient money hopefully you would be honourable enough to pay outstanding bills without being ordered to do so.
How do you put a bug in Microsoft?
First get a very good lawyer, then pay all outstanding bills, say goodbye to all your friends
When does an executor of a will get paid by the estate if they have to pay outstanding bills left by decedant?
The executor should never pay the bills themselves. They should have the estate do it. Yes, with proper receipts, there should be no problem with getting the money back.
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.
If your wife passes away, are you legally responsible for her outstanding bills?
In general, you are not automatically responsible for your deceased spouse's outstanding bills. However, the estate of the deceased may be responsible for paying off any debts using their assets before distributing any remaining assets to heirs. It is important to consult with a legal professional to understand your specific situation and obligations.
Can a car loan lender garnish your pension benefits?
No because they are not your parents and they are not supposed to spoon-feed you and pay your outstanding of awaiting bills even if it is your pension.
What is cause about the bankruptcy of a bank?
The same as it is for individuals: the bank is not able to pay its bills when due, and has a huge number of no-pay or slow-pay loans outstanding.
What is helpful disease?
a helpful disease, not really. a disease is meant to harm you in a way, but maybeif you were born with an outstanding memory, then it could help.
