expense paid but the benefit not been received so far like deferred exp so

Advertise your Business Here

Refer this Site

Login | Sign Up


	Did you received any Funny E-Mails from your Friends and like to share with rest of our friends? Yeah!! you can post that stuff HERE

Categories >> Accounting >> Accounting-AllOther

Accounting AllOther Interview Questions

Question

expense paid but the benefit not been received so far like
deferred exp so can we consider it as a prepaid exp.

Question Submitted By :: Mailtoanil

I also faced this Question!!

Rank

Answer Posted By

Re: expense paid but the benefit not been received so far like deferred exp so can we consider it as a prepaid exp.

Answer
# 1

differed revenue expenditure means the expenditure which 
you spent know the benefit will be received in future years
eg-advertisement expenses spent now will receive benefit  
in future years

where as prepaid expenses  will be posted in assets side of 
balance sheet as it was paid in advance

Is This Answer Correct ?

1 Yes

0 No

Ravi

Re: expense paid but the benefit not been received so far like deferred exp so can we consider it as a prepaid exp.

Answer
# 2

yes

Is This Answer Correct ?

0 Yes

0 No

Ankur

Question	Asked @	Answers
Other Accounting AllOther Interview Questions


meaningofderivative?	UBS	6
Tell me about portpolio?		2
what is securites		2
When determining turnover, do you first deduct all sales returns to come to an answer or is turnover the total sales without deductions.		1
what is the difference between shares & debentures		2
what are concepts and conventions of accounting	Infosys	8
out standing salaries goes to whiich A/C I mean personal(or) real(or)nominal a/c		6
How to treat the provision for bad debts which appeared on the credit side of the P&L A/c?	Wipro	1
what is the accounting treatment for contingent laibility?	Capital-IQ	2
An advance of Rs 10000/- is received from customer. pass necessary journal entries		3
what is difference between fund flow and cash flow	NEC	2
GOLDEN RULES OF ACCOUNTING	HP	42
what is sweet equity share?		4
what is authorised capitla and subscribed capital	Capital-IQ	4
What is the Accounting Treatment for Contingent Liability ?		1
What is the types of accounts & it's rules ?	WNS	2
how many type of assets		2
how is caluclation of over time (O.T)		2
whatis ratio analysis and methods of its calculation.		2
Mac Purchased on 15th Jan 12000/- 30th June Machinery damaged due to Fire Accident 31st Dec received the Insurance Premium 13000/-. Pass the Journal Entry for all the above three	Genpact	13

For more Accounting AllOther Interview Questions Click Here


Copyright Policy \| Terms of Service \| Help \| Site Map 1 \| Articles \| Site Map \| Site Map \| Contact Us

Copyright © 2007 ALLInterview.com. All Rights Reserved.

ALLInterview.com :: Forum9.com :: KalAajKal.com