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प्रश्न
उत्तर
These are the expenses that are incurred to transport the goods from the supplier’s place to the firm’s place. These are direct expenses and recorded on the debit side of the Trading Account.
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संबंधित प्रश्न
Give the word / term or phrase which can substitute the following statement.
Expenses which are due but not paid at the end of the year.
State whether the following statement is True or False.
Outstanding expenses are shown on the liability side of the Balance Sheet.
State the meaning of Outstanding expenses
Give the journal entries for the following adjustments:
(a) Outstanding salary ₹ 3,500.
(b) Rent unpaid for one month at ₹ 6,000 per annum.
(c) Insurance prepaid for a quarter at ₹ 16,000 per annum.
(d) Purchase of furniture costing ₹ 7,000 entered in the purchases book.
