Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


what is the Entry for Prepaid expenses? which side it come
in balance sheet?

Answers were Sorted based on User's Feedback



what is the Entry for Prepaid expenses? which side it come in balance sheet?..

Answer / shiva

prepaid expenses which come in balance sheet asset side only

Is This Answer Correct ?    287 Yes 20 No

what is the Entry for Prepaid expenses? which side it come in balance sheet?..

Answer / raghav

prepaid expences are current assets of company it comes at
asset side of balance sheet

Is This Answer Correct ?    251 Yes 18 No

what is the Entry for Prepaid expenses? which side it come in balance sheet?..

Answer / manas jose

prepaid expense a/c dr
to particular expense a/c cr

prepaid expense comes on the asset side of balance sheet

Is This Answer Correct ?    168 Yes 28 No

what is the Entry for Prepaid expenses? which side it come in balance sheet?..

Answer / jaidev guin

Prepaid Expenses A/C Dr
To Cash / Bank A/C


Prepaid expenses is shown as an asset in the Balance Sheet

Is This Answer Correct ?    137 Yes 31 No

what is the Entry for Prepaid expenses? which side it come in balance sheet?..

Answer / soundar

Prepaid expenses means the Amount paid in advance for the
expenses related to subsquent year. Example Insurance
charges for a vehicle from Feb to Jan the entry should be
passed as follows

Insurance charges ( For Feb & Mar ) DR (Expenses head )
Prepaid expenses ( Apr to Jan ) DR (Asset head )

Bank / Cash CR

In the Subsquent year the above entry should be reversed
thro' journal as below

Insurance charges ( Apr to Jan ) DR
Prepaid expenses CR

Is This Answer Correct ?    114 Yes 15 No

what is the Entry for Prepaid expenses? which side it come in balance sheet?..

Answer / rajesh

Prepaid Expenses A/C Dr
To Cash / Bank A/C

prepaid expences comes under assets side

Is This Answer Correct ?    101 Yes 24 No

what is the Entry for Prepaid expenses? which side it come in balance sheet?..

Answer / umesh tayal

Prepaid Expences A/c Dr.
To Cash / Bank / Vendor A/c Cr.

It will be shown at Assets Side of Balance Sheet.

Is This Answer Correct ?    50 Yes 5 No

what is the Entry for Prepaid expenses? which side it come in balance sheet?..

Answer / saravanan

Prepiad Expences A/C Dr XXX
To Expences A/c CR XXX

___________________________________________________________
Dr P&L A/C CR

Total Expences XXX
(-)Prepaid Exp XXX
----- XXX
___________________________________________________________
Liability Balancesheet Asset
Prepaid Exp XXX
___________________________________________________________

Is This Answer Correct ?    65 Yes 21 No

what is the Entry for Prepaid expenses? which side it come in balance sheet?..

Answer / naveen.c.d

prepaid expenses a/c Dr xxxxx
to cash a/c xxxxx
(being, expenses paid in advance)

prepaid insurence comes under asset side of balance sheet.

Is This Answer Correct ?    43 Yes 4 No

what is the Entry for Prepaid expenses? which side it come in balance sheet?..

Answer / devidas deshmukh

Prepaid Expenses A/c Dr.
to Cash / Bank A/c

Prepaid Expenses shows in Balance Sheet under Current
Aseets & Loans & Advances Heads. after complation a period
of this it is revese back to Profit & Loss A/c

Is This Answer Correct ?    49 Yes 13 No

Post New Answer

More Accounting AllOther Interview Questions

Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry

0 Answers  


What Settlement details are required on the delivery instruction slip?

0 Answers   Mellon,


what is the journal entry for bad debts?

32 Answers   Infosys,


what is diff between accrued and Outstanding Account?

2 Answers   Ramco,


I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code

0 Answers  


treatment of P&L A/c 's balance in trial balance and balancesheet

2 Answers  


salary received for 15 days and other 15 days are absent please give me the journal entry

1 Answers  


what is the difference between cash flow and profit and loss account?

7 Answers  


WHAT IS INTEGRAL ACCOUNTING

0 Answers   Cognizant, Genpact, Integrated,


Why do you want to work for us?

0 Answers  


What is the difference between Risk, Threat & Hazard?

0 Answers  


WHAT IS ACCOUNTING?

5 Answers  


Categories