what is the Entry for Prepaid expenses? which side it come
in balance sheet?

Answer Posted / umesh tayal

Prepaid Expences A/c Dr.
To Cash / Bank / Vendor A/c Cr.

It will be shown at Assets Side of Balance Sheet.

Is This Answer Correct ?    50 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

explain Dual entry concept

1509


what is dieerence between capital cpapital structure

1859


why the closing stock is not considered in drawing trail balance.... Are there any other items like the above

1939


How does the ration analysis help in depicting profit and loss

1706


Why you want to leave your present job while they offer you with good offer?

1512






Expand---------PSRT

1581


i engaged with the accounts of manufacturing concern, i have a question when we purchased a fixed assets and after this we put the fuel in this for trial then this fuel is our also capital exp

2681


what are all the formulas used in bank to calculate their economy

1598


WHAT IS THE DIFFERENCE BETWEEN PUBLIC COMPANY AND PRIVATE COMPANY? MUTUAL FUNDS? GOOD WILL? ABOUT YOUR PROJECTS?

1646


what is differred tax liability? explain in detail with some example.

2408


objective of accounting

1539


fiscal year variant Vs posting period variant

1498


Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.

1916


How & When We Calculate Deffered Tax... Please Give me Some Example.?

1626


How and by whom the Percentage of Depreciation is fixing?

1962