BUY COURSES
APP 1FIN
Final accounts
In this sum there are expenses in opening balance sheet And also some expenses in adjustment Should not we add to original expenses
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Prasanth kumar Kamisetty
CA Foundation
★ 11K+
16-Sep-20 14:16
18
Answers (2)
The expenses in opening balance sheet are payable i.e they are expenses of last year which are unpaid. If they are paid in current year they do not become current year expenses but just become cash outflow for current year
Sriram Somayajula
Admin
16-Sep-20 14:27
Thank you
16-Sep-20 19:21
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