what is the Entry for Prepaid expenses? which side it come
in balance sheet?
- 36 Answers
- 71354 Views
- Accenture, BNY Mellon, TATA, Wipro, I also Faced
- E-Mail Answers
Answer Posted / kavitha
Prepaid Expense A/c Dr.
To Bank/ cash A/c
Prepaid exps. will come under asset side of balance sheet &
will be deducted from the expense for which pymt has been
made in advance & net amt will be shown in P&L account.
| Is This Answer Correct ? | 2 Yes | 3 No |
Post New Answer View All Answers
What is the Branch Accountant Responsbilities ?
How Many Points include in Mat Calculation , what is the different bitween Gross Profit & Book Profits?
You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6
can any one send me payables real time scenarious or any projects
What Question ask in MARKIT Company?
Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry
A sample book on interviews is ready for free circulation with 7 chapters i.e Journal entries helpful for various occassions,Terminology,Abbreviations,Test your terminology,Multiple answers, Fill in blanks and Income tax send your requisition for Free Book Immediately to satyaki_raju@yahoo.co.in
Expand-------ACNS
Which Exchange determine Foreign Exchange/Currency Rate?
My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?
closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
what types of essays are giving in bank of america. can any one tell the opics? LAVANYA
give the examples of Error of Duplication?and Error of compensatin? with entries
In what cases can Convertible bonds be considerred as derivatives?
Could u show me the sample TDS Document / Template
