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.

Expand B G

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please give the sbi bank clerk exam paper model in last five years?

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Mr. A purchased a car worth of rupees 2,00,000 on cash than what would be the entry

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One bill how calculate vat & Service tax

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