what is the Entry for Prepaid expenses? which side it come
in balance sheet?
Answer Posted / deepika
prepaid expense a/c dr
to cash/bank a/c
(being prepaid exp.paid in cash or by cheque)
and it will come in balance sheet under haed current assets
in assets side
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Indian Iran Gas pipeline
what are valuation accounts?
If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not
what is OTC derivatives and Depository Trust & Clearing Corporation (DTCC) ?
what are micro-cap, small-cap, mid-cap, large-cap companies?
WHAT TYPES OF ESSAYS ARE GIVING IN BANK OF AMERICA? CAN ANY ONE HELP ME
What are the rates of Depreciation? Like machinery items, wooden items?
what is the organisation chart for accounting and finance ?
hii,i was appeared in recruitment process of Catholic Syrian Bank.Interview question were general banking related... as what is crr,calling rate, current inflationrate etc
Classify bank account, stock of stationary account, returns inward account ou$tstanding rent account and capital account into real, personal and nominal account.
as per partership firm TDS receivable at the end of goes to partners current account, but at the multinational company how pass TDS entry pass, where is it is goes
EXPAND_________SEAMEC
What is meant by Nostro Reconciliation
SOUTH ATLANTIC OIL AND GAS INC.is a fraud company
it is better to invest in which securities short term/long term or both? please reason4 the same