Answer / shiva

prepaid expenses which come in balance sheet asset side only

Answer / raghav

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

Answer / jaidev guin

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


Prepaid expenses is shown as an asset in the 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

Answer / rajesh

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

prepaid expences comes under assets side

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.

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
___________________________________________________________

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.

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

What is a zero debt company?

5 Answers  

what is different b/w current a/c and savings a/c?

1 Answers  

diffrence between the profit center and business area

0 Answers   Deloitte,

42. G.Simkins sends back stock to J.J. Fabrics (a supplier), having originally purchased it on Credit. J.J. fabrics issued a Credit note for the value of these goods. In simkins’ books, the double entry for this transaction should be. a) Debit : J.J. Fabrics; Credit purchases b) Debit : purchases; credit J.J. Fabrics c) Debit : J.J. Fabrics; credit purchase returns d) Debit: purchases returns; credit J.J Fabrics.

2 Answers   Amazon,

what is outstanding expences give example

3 Answers  

what is the difference beetwen trade discount and rebate & discount

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Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed

0 Answers   IBM, SAP Labs,

Short Answer on ______________Import Trade

0 Answers  

what's accounts payable

5 Answers   BPO, Genpact, Global Info Vision, ITI,

What is a ‘ratio’?

1 Answers  

I know that rate of stock turnover = cost of goods sold/ average of stock. average of stock = (opening stock + closing stock)/ 2 what happens if it is a new business with no opening stock? do u take closing stock/2 or simply just take closing stock as the average stock figure?

1 Answers  

i want the difference p&l a/c and Income and expediture statement

0 Answers   Genpact,