Answer / chandhu m

Prepaid expenses are the expenses paid by the company, but
not incurred.
As we follow accrual concept - it will be considered as an
asset

Answer / amarnath

Prepaid Expense is an expense paid in Advance for future
peiod and at the current period it is not incureed.

Ex: Rent paid in advance

It is treated as asset.

what will be the entry if advertisement suspence a/c is on asset side of balance sheet?

4 Answers   Capital IQ,

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How Are The Balance Sheet And Income Statement Connected?

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Expand-------MUR

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What is Demat Account? what is the use of it?

1 Answers  

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Process of the settlement cycle?

0 Answers   Mellon,

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what is priority?

2 Answers  

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For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production

0 Answers  

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what is opening brs in tally

1 Answers  

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A business unit disposes an old asset at a rate higher than its written down value. Then how it will be recorded and under what head of income

1 Answers  

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What is maximum limit of cash payment per day by a company?

12 Answers   Ciscons Projects,

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tell the ratio where the numerator and denominator should contain one from asset side and other from liabilities side

6 Answers   Capital IQ,

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can we get all interview questions with answers in tally 9 which mostly asked in MNC's.

0 Answers  

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