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