Interested to Buy Any Domain ? << Click Here >> for more details...
pre paid expense is a asset?where it should be posted.
- 7 Answers
- 16723 Views
- Genpact, I also Faced
- E-Mail Answers
Answer Posted / gouthami
prepaid exepenses comes under current assets. it should be
posted on assets side in balance sheet under current assets.
| Is This Answer Correct ? | 6 Yes | 2 No |
Post New Answer View All Answers
Is there Disqualification of Auditor u/s 139 of Companies Act 2013 if the auditor is indebted towards the company to be appointed as an auditor, if amount exceeds more than Rs.1000 as against the provision related to Companies Act, 1956 ?
dear sir,how to maintain petty cash book. its voucher and posting on cash book and ledger A/c?
how to pass provision salary full and settlement(inclusive Bonus,Gratutity etc )please show me entry
Anti Takeover policies
What is the difference between the accrual accounting and cash accounting?
Explain me the term material facts in accounting?
how sales invoices adjusted against advance received from Debtor?
What are the various systems of accounting? Explain them.
what are the voucher entries in tally for medical insurance
a cheque is received from a debtor and is deposited in the bank on the same day. what will be the journal entry?
Which steps in Procurement to Pay process does FI documents get created.
can we change date in tally.erp s/w in educational mode ?
Why do you want to be an accountant?
What is the double entry system explain its rules with examples?
I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary
