some example of prepaid expance

Answer Posted / elamparithy.a

insurance paid in advance, rent paid in advance

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Mention what is bank reconciliation?

753


In which account does the unpresented cheque will get recorded?

708


can any one send me tally professional version link

1161


Explain me what is general ledger account?

640


What is account payee cheque? Expand ctc cheque?

714






Sir, I want to know about Entry Tax. I purchased the Packing Box from other state.the entry tax on the packing items is 5 %.but now sale tax deptt. close the entry tax on barrier. the tax will be deposited with return. sir we want to know can i deposit this entry taxon on CST challan or not. if not then how can i deposit, or which cloumn in return shown this amount. please send the return format my mail ID is happynlg@gmail.com

1615


Do you have any professional experience in this field?

629


adjustment entry showing in tally such as outstanding salary prepaid salary etc.

2746


When we paid TDS on commission how will journal entry come

882


What are assets minus liabilities?

616


Explain me what makes a successful account manager?

614


In South Africa , the current rate for value added tax is ?

1208


M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation. The objection of the auditor is justified because (a) Change in the method of depreciation should be done only with the consent of the auditor (b) Depreciation method can be changed only from WDV to SLM and not vice versa (c) Change in the method of deprecation should be done only if it is required by some statute and change would result in appropriate presentation of financial 6 statement (d) Method of depreciation cannot be changed under any circumstances

1380


How to pass journal entry for payment of 20 % of outstanding income tax demand of AY 14- 15 of an company in the AY 18-19.

1147


Tell me the types of accounts involved in double entry book-keeping?

621