what is the Entry for Prepaid expenses? which side it come
in balance sheet?
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Answer / shiv kumar
Prepaid Insurance Expenses 750.00 (Curr. Asstes)
Insurance Expenses 750.00 (Ind.Exp.)
To Cash 1500.00
(Being Cash Paid For Insurance Exp.)Shiv.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / mba vijai
when company pay more than employees salary for a particular
month...its the advance salary or prepaid expense.
its the CA and show its in balance sheet in asset side.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / sandeep singh
the answer given by mr.Soundar is perfectly right
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / asma
prepaid salaries
salaries expenses
prepaid saleries less from trial balance and comes enter the
balace sheet
| Is This Answer Correct ? | 1 Yes | 5 No |
Answer / veerendar
prepaid expenses A/c Dr
To Expenses A/c
and it appears on liabilitys side of balance sheet
| Is This Answer Correct ? | 5 Yes | 31 No |
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