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what is the eatery for the prepaid expenses
Eg: prepaid rent

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what is the eatery for the prepaid expenses Eg: prepaid rent..

Answer / tapan maity

1) Prepaid Expenses A/C Dr
To Bank/Cash A/c

2) Expenses A/C Dr
To. Prepaid Expenses A/c

Is This Answer Correct ?    9 Yes 2 No

what is the eatery for the prepaid expenses Eg: prepaid rent..

Answer / rathnakar

1.Prepaid Exp. Dr
To Cash/Bank A/c.

Is This Answer Correct ?    2 Yes 0 No

what is the eatery for the prepaid expenses Eg: prepaid rent..

Answer / debasmita

expenses, which are paid in advance, have not yet been incurred, are called as prepaid expenses. it is considered as an asset.Here one asset(prepaid expense) is increased and another asset(cash) is decreased. So the entry is, Prepaid expense A/c Dr To Cash/Bank A/c

Is This Answer Correct ?    1 Yes 0 No

what is the eatery for the prepaid expenses Eg: prepaid rent..

Answer / biswajit bhowmick

prepaid rent means that advance paid.
for this entry will be pass

prepaid rent a/c dr.
to rent a/c.

Is This Answer Correct ?    0 Yes 1 No

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