accounting flow of accrued expense?

0 Vote(s) - 0 Average

accounting flow of accrued expense?

Nauman
Offline

Member

Posts: 240
Threads: 11
Joined: Dec 2004
Reputation: 0

#6

02-07-2009, 05:46 PM

Expense is being recorded on cash basis the whole year except for the month of December?

Anyways if you have passed the following entry at close of December i.e.

Salaries A/C 1,000 Dr.
Salaries Payable A/C 1,000 Cr.

This would be reversed subsequently in January by

Salaries Payable A/C 1,000 Dr.
Cash / Bank A/C 1,000 Cr.

« Next Oldest | Next Newest »

Users browsing this thread: 1 Guest(s)

Messages In This Thread

accounting flow of accrued expense? - by raja asad - 02-03-2009, 12:17 AM

[No subject] - by tariqab - 02-03-2009, 07:33 PM

[No subject] - by raja asad - 02-04-2009, 12:16 AM

[No subject] - by tariqab - 02-04-2009, 04:13 PM

[No subject] - by raja asad - 02-06-2009, 12:32 AM

[No subject] - by Nauman - 02-07-2009, 05:46 PM

[No subject] - by tariqab - 02-07-2009, 08:10 PM

[No subject] - by Nauman - 02-08-2009, 02:03 AM

[No subject] - by raja asad - 03-01-2009, 01:43 AM

[No subject] - by maani - 03-01-2009, 06:31 AM

[No subject] - by raja asad - 03-01-2009, 11:40 PM

[No subject] - by maani - 03-02-2009, 06:10 AM

[No subject] - by raja asad - 03-03-2009, 02:28 AM

[No subject] - by maani - 03-04-2009, 03:12 AM