accounting flow of accrued expense?

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accounting flow of accrued expense?

raja asad
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#13

03-03-2009, 02:28 AM

hi maani,

no doubt ur answer is logical. but i m doubtful only because of accountancy book of SOHAIL AFZAL.
Aap nay jo enty batai hai k

on 31st Dec

salaries A/C 1000
salary payable A/C 1000

he says k 1st jan ko aap is entry ko reverse karo gay.
this reversing point is confusing me.
Any logic of this reversal?

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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