what is the Entry for Prepaid expenses? which side it come
in balance sheet?
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Answer Posted / devidas deshmukh
Prepaid Expenses A/c Dr.
to Cash / Bank A/c
Prepaid Expenses shows in Balance Sheet under Current
Aseets & Loans & Advances Heads. after complation a period
of this it is revese back to Profit & Loss A/c
| Is This Answer Correct ? | 49 Yes | 13 No |
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