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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
Entry for prepaid expenses?
 Question Submitted By :: Pawan
I also faced this Question!!     Rank Answer Posted By  
 
  Re: Entry for prepaid expenses?
Answer
# 1
Prepaid expenses a/c Dr
   To Expenses(Concerned Expense) a/c
 
Is This Answer Correct ?    6 Yes 1 No
Rupan
 
  Re: Entry for prepaid expenses?
Answer
# 2
prepaid exp. A/C DR
  TO respective exp.A/C
 
Is This Answer Correct ?    6 Yes 0 No
Kuldeep Srivastava
 
 
 
  Re: Entry for prepaid expenses?
Answer
# 3
prepaid expenses dr.
    to cash\bank
 
Is This Answer Correct ?    1 Yes 2 No
Sheetal
 
  Re: Entry for prepaid expenses?
Answer
# 4
prepaid exp  a/c dr
  TO respective exp
if prepaid exp paid in cash
prepaid exp   a/c  dr
  TO CASH
 
Is This Answer Correct ?    1 Yes 0 No
Ravi
 
  Re: Entry for prepaid expenses?
Answer
# 5
Related Expense  Dr.
    To, Cash or bank or party
(On book/payment of entire exp)

Prepaid exp.     Dr.
    To, Related expense
(for portion which is not for current period)

Related expenses Dr.
    To, Prepaid Exp.
(On the next Period when we start new book of accounts)
 
Is This Answer Correct ?    1 Yes 0 No
Manish Sharma
 
  Re: Entry for prepaid expenses?
Answer
# 6
Prepaid expenses a/c Dr
   To Expenses(Concerned Expense) a/c
 
Is This Answer Correct ?    1 Yes 0 No
Yasar Arafath
 
  Re: Entry for prepaid expenses?
Answer
# 7
Prepaid Expenses a/c Dr
   To Cash a/c
 
Is This Answer Correct ?    0 Yes 1 No
Madhuri.a
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
what is zero base budget?  3
what is the meaning of P/V Ratio? GIC5
What are the general ledgers  3
What is the difference btwn "Sales" and "Turnvoer".  4
what is indirect tax? Capital-IQ17
Expand GAAP? Wipro5
Entry for the settlement of loans? Wipro6
tell the ratio where the numerator and denominator should contain one from asset side and other from liabilities side Capital-IQ5
What is the meaning of Blue chip?  1
how margnial costing is used in manufacturing sectors, what is the method/steps for using marginal costing Bosch2
what is the difference between cash flow and profit and loss account?  4
how many type of assets  4
what is open item managed account? IBM1
What are the Trading A/c Components and let explain about Trading account and Profit & Loss Account Focus2
what is the capitla expenditure & revenue expenditure give the 5 difference between capital & revenue expenditure and also its example?  1
what is sunk cost Capital-IQ6
What is the closing entry for outstanding amount? IBM3
method of preparing the trial balance ?  1
I AM WORKING IN THE CORPORATE (HEAD OFFICE)OF A FINANCE COMPANY. I CO-ORDINATE FOURTEEN BRANCHES IN DELHI. AND MY JOB PROFILES ARE BANK RECONCILIATION,CASH RECONCILIATION, MIS,TRAINING TO THE JR.EXECUTIVES,BRANCH VISIT,SUPPORTING TO BRANCH,ETC. THE QUESTION WAS WHAT U DO FOR UR BRANCH? I TOLD MY ALL JOB PROFILE BUT IT WAS NOT A GOOD ANSWER. WHAT TO SAY FOR THE NEXT TIME? Genpact3
what is the meaning of interim period?  1
 
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