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whether postpaid telephone expenses can be taken under prepaid
expenses when advance payment made by a/c payee cheque for the
month of march.

Question Posted / harish

Answers were Sorted based on User's Feedback



whether postpaid telephone expenses can be taken under prepaid expenses when advance payment made ..

Answer / harish

yes

Is This Answer Correct ?    15 Yes 6 No

whether postpaid telephone expenses can be taken under prepaid expenses when advance payment made ..

Answer / gagan saini

Advance is being paid for March month, means expense is being booked on provisional basis, may be for provisional Balance Sheet hence such expense could not be consider under prepaid expense head while can be shown into provisional balance sheet under prepaid telephone expenses.

Is This Answer Correct ?    1 Yes 0 No

whether postpaid telephone expenses can be taken under prepaid expenses when advance payment made ..

Answer / arjun tomar

NO

Is This Answer Correct ?    4 Yes 4 No

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