Answer / mahendra rajput

1. When paid in advance....

Prepaid Expense A/c.... Dr.
To Cash/Bank A/c............Cr.

2. When actual expense occurred...

Expense A/c.....Dr.
To Prepaid Expense A/c......Cr.

Answer / raghu.v.

Whatever we have paid in Prepaid have to Treat as assets

Prepaid Expenses Dr Under Current assets
Cash /Bank Cr

Answer / mercy

Prepaid expenses a/c  dr
 To cash or bank a/c

Answer / ssr

paina unnai chusukovachuga

Answer / raju

when paid in advance, the general entry would be like that

prepaid expense a/c dr
to expense a/c

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what are the transactional entries have to be passed in Letter of credit

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What is imprest a/c ?

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what is the difference between method of costing and technique of costing

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