Friends,
Whether Payable to Internal Auditor will fall under catagory of Creditor for Expenses while preparing financial statment ?
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Accounting head
Replies (3)
Yes... The Internal Auditor account will be under Sundry Creditor Account...
It is under current liabilities: Audit fees payable.
Payable amounts are under "Current Liabilities".
Party Account under "Sundry Creditor".
Party Account under "Sundry Creditor".
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