Interested to Buy Any Domain ? << Click Here >> for more details...
what is the Entry for Prepaid expenses? which side it come
in balance sheet?
- 36 Answers
- 80295 Views
- Accenture, BNY Mellon, TATA, Wipro, I also Faced
- E-Mail Answers
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 |
Post New Answer View All Answers
My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?
Office cash was stolen? state whether the following transcation is business transcation or non business transcation?
Expand---------EDP
How can a company reduce profit
why do you think you are sutable candidate for this post
can anyone provide me the Balance Sheet Items & P & L Items with Accounting Heads with Accounting codes?
WHAT IS DIFFERED INCOME TAX AND WHERE IT SHOWS IN BALANCE SHEET?
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry
EXPAND___________NBW
What type of questions in accouting point of respect they ask genrally plz help me find out this.
what is OTC derivatives and Depository Trust & Clearing Corporation (DTCC) ?
What is the treatment of Capital Work in Progress as per the International Accounting Standards.
Short Answer on ______Amortization
WHAT IS THE DIFFERENCE BETWEEN PUBLIC COMPANY AND PRIVATE COMPANY? MUTUAL FUNDS? GOOD WILL? ABOUT YOUR PROJECTS?
