what is the Entry for Prepaid expenses? which side it come
in balance sheet?
- 36 Answers
- 71408 Views
- Accenture, BNY Mellon, TATA, Wipro, I also Faced
- E-Mail Answers
Answer Posted / naveen
Prepaid expenses a/c DR XXXXXXX
To cash a/c XXXXXXX
(Being expenses
paid in advance)
It comes under 3rd item i.e. current assets of assets side
of balance sheet.
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
Please define Transaction Type , Movement Type , Asset Transaction Type , Item Type & Document type. Please also give examples of each of them
A company produces and sells 12500 units of Commodity X at Rs 50 each. The variable cost of the production is 20 % of selling price. Fixed cost being Rs 100000 per annum. Calculate the PV ratio and BEP if. The selling price is reduced by 5 %. Fixed cost is increased by 2 lacs
Expand----------SAMC
IS ACCOUNTING MBA AND FINANCE MBA SAME OR DIFRENT
Take me through the entire vendor cycle.
where is suspense entry is entered in tally erp9
Hi all i did my M.B.A financ enw iam doing a job as a finance executive but i feel it is not good 4 me can any 1 plz guide me 4 the better career my job profile is (INVOICING)hw it is help me out 4 the better career shell i continu ein the same 1 by learning sap or oracle or shall i shift to any other if any other which job is suites to me plz suggest me
What will be the consequences if the partnership is not registered
WHAT IS INTEGRAL ACCOUNTING
What is Spin-off & spilts
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
EXPAND___________IMF
what is duties and responsibilities for clark working in sbi
Short Answer on __________Event
what is the difference between f.f.s and c.f.s?
