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

Answer Posted / 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



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