why Prepaid Expense is treated as an asset & what will be
its journal entry using golden rules of accounting.
- 4 Answers
- 10111 Views
- I also Faced
- E-Mail Answers
Answer Posted / shamim
because this exp has to pay in advance but did not get
service from whom pay the money thats y it is current asset
Exp a/c dr
prepaid exp. a/c
| Is This Answer Correct ? | 4 Yes | 7 No |
Post New Answer View All Answers
Tell us what do you believe should be an important quality of an account executive?
how to account branches in tally
What is the networth percentage observe by banks
What are the different types of gst?
Tell me in accounting, how do you define premises?
Does anybody know anything about BirlaSoft? I got a job offer, they sent me a contract to sign and return, but thank God they didn't ask for any money! But, they said they would send me a check in the mail. And as my first "task" I would have to use that check to order a bunch of accounting software, and I would need to purchase this software ONLY from the vendors that THEY provide. Is this a scam to just get money? I'm wondering if they "own" the vendor they "work" with and launder money that way. I asked the person who was getting my information, as far as my name and address to send the check to, Why would I have to buy software to install in my home computer anyway? Couldn't they just send me a link for the software to download? I'm afraid of the check being fake. Because, if I deposit the check into my checking account and it turns out to be fake, then I'll owe the bank all that money! Hope to hear from someone soon. Thanks.
1. Why do wish to study in canada in the program for which you have been accepted? 2. What is your overall education goal? 3. Why are you pursuing a similar program in your country of residence/citizenship? 4. What research have you done into studies in your country of residence/citizenship? 5. How will this program enchance your employment opportunities in your country of residence? please send me all possible answer i hope your answer will help me a lot...
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
Under Accrual Accounting, How Are Worker Comp Premiums Handled?
Why company issue shares at discount as its a loss ?
VAT PER SURCHARG KAB SE KIS DATE SE LAG RAHA HAI
Do you know how many types of business transactions are there in accounting?
Unrealised profit will be debited to ?
Sir, I want to know about Entry Tax. I purchased the Packing Box from other state.the entry tax on the packing items is 5 %.but now sale tax deptt. close the entry tax on barrier. the tax will be deposited with return. sir we want to know can i deposit this entry taxon on CST challan or not. if not then how can i deposit, or which cloumn in return shown this amount. please send the return format my mail ID is happynlg@gmail.com
How to prepare HSD statements in tally
