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some example of prepaid expance
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Answer / santosh
rent paid in advance, interested paid in advance, bills
paid in advance etc...
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / hamsa
Insurance,taxes,telephone subscription,rent etc., paid in advance.
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / elamparithy.a
insurance paid in advance, rent paid in advance
| Is This Answer Correct ? | 2 Yes | 0 No |
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Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
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