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

Answer Posted / yogish kamath p

There are two entries fro Prepaid Expenses...
1.
(Particuler)Expenses A/c Dr.
To cash/bank/vendor a/c
2.
Prepaid Expenses A/c Dr.
To (Particuler) Expenses A/c

It will effect in Asset side in Balance Sheet Account.

Is This Answer Correct ?    1 Yes 2 No



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