Answer Posted / thasleem ali

prepaid expenses are the expense which paid in advance for the upcoming expenses also

eg.rent paid,electricity and water paid


Advance will be treated as expense when it pay, and it will become income when it get refund.

eg.salary advance,short term loan etc

advance coming under loans and advance

Prepaid expense comes under expense

why should we are preparing BRS

2045

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interest paid comes under which head

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Which Invoice issued on Central Sale Commercial or Retail?

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what is pre settlements and post settlements in Derivatives?

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What do you define in customizing for the payment program? FBZP (Any 2 Answer) • Bank subaccount ( BANK DETRMINATION SCREEN. ACCOUNTS) • Forms of the payment media ( PAYING COMPANY CODE) • Available amount (BANK DETERMINATION, AMOUNTS) • Assignments for the profit center • Prerequisites for the debit balance check

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Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?

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What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?

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what is the use of special general ledger if the normal trasaction in usage.

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Expand-------NABT

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what is the process of excise duty?

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In sales what rule applicable

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in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule

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Distinguish value andPrice

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