what is the entry pass of prepaid expense & o/s expenses?

Question Posted / ozapavan14

3 Answers
6211 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

what is the entry pass of prepaid expense & o/s expenses?..

Answer / rocky

prepaid exp dr
to cash

exp dr
to out exp

Is This Answer Correct ?

4 Yes

0 No

what is the entry pass of prepaid expense & o/s expenses?..

Answer / pavan

Prepaid expenses a/c dr
to expenses a/c

expenses a/c dr
to o/s expenses a/c

Is This Answer Correct ?

4 Yes

1 No

what is the entry pass of prepaid expense & o/s expenses?..

Answer / faizan khan

expenses a/c dr to o/s expenses a/c

Is This Answer Correct ?

1 Yes

0 No

Post New Answer

More Accounting General Interview Questions

Sanjay Ltd invited applications from the public for the issue of 10,000 equity shares of Rs. 10 each at a premium of 20%, payable Rs. 3 on application; Rs. 5 on allotment including premium and the balance in two calls of an equal amount. Applications for 15,000 equity shares were received. The directors allotted 10,000 shares to all the applicants on pro-rata basis adjusting the excess application money towards allotment. All money due on allotment and calls were received. Give journal entries to record the above transactions in the books of the company. Also show the balance sheet.

2 Answers Ignou,

which chart of accounts is used for day to day postings?

2 Answers

as per partnership deed, salary to working partner is rs 8000/ per month (96000 annually), suppose if i have book profit of rs 50000/ only,then what is the procedure to give salary

0 Answers

In Accounting Terms 1. what is meant by debit Rs.1000/- to Mr.Ramu account ?. 2. What is meant by credit Rs.1000/- to Mr.Ramu account ?. 3. What is meant by Ramu account was Debited or Credited ?. 4. Generally in accounting terms what is meant by Debit or Credit His / Her account ?.

2 Answers

A company purchase goods Rs.2000/- & input vat received rs.100/- but at the time he sold goods 1000/- as a sales & 1000/- as a sock transfer. plz tell me how much take input claim in this case.

0 Answers Jaguar,

Concepts Of Debit,Credit,Double Entry Accounting and Matching

1 Answers

Explain which accounting application you prefer most and why?

0 Answers

What is accounting period?

0 Answers

what ia mean by tally?

11 Answers HSBC, ICICI, TCS,

What is Calculate Balanced Owned

0 Answers Accenture,

1. what is the general Percentage in india (%) of Deprication for Furniture, building Other Assests like Company Car, and COmputer and Airconditioner etc., Waiting for Answers

6 Answers

Is profit & loss account assets or liability?

2 Answers

For more Accounting General Interview Questions Click Here