abdul qayyum


{ City } hyderabad
< Country > india
* Profession * asst. manager accts.
User No # 44461
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Questions / { abdul qayyum }
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My company has taken a car loan from HDFC Bank, Assume 7.5 lacs. but it disbursed after deducted adv emi. how to pass the jv for that . Plz pass the entry

ABC,

6 Accounting General 49253



Answers / { abdul qayyum }

Question { Genpact, 26428 }

Entry for prepaid expenses?


Answer

Prepared Expenses A/c
To Cash / Bank

while paying the exp in advacne

Respective exp A/c
To Prepared Expenses

At the time when have to actual pay.

Is This Answer Correct ?    1 Yes 0 No