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