prepaid expense ,how to treat in profit & loss a/c
Answer Posted / sushil27284
No prepaid expenses will not touch the profit & loss A/c if this will appear in trail balance, but if this prepaid expenses is additional information related to any expenses head then the said prepaid expenses amount will be less from the related expenses head from profit & loss A/c
| Is This Answer Correct ? | 8 Yes | 1 No |
Post New Answer View All Answers
we had company we provide work others they deducted tds how to pass entries in my company please tell me
How to group the companies in tally?
During execution of Works Contract,If Contractee(Customer) supply goods to contractor, then it should be shown in Invoice as deduction or no need to show in Invoice.
What are the two most important Factor that should be kept in mind when there is a buy back of shares in companies as per indian companies act,1956
consultancy charges receivable Rs 30000 from abc & co. tds receivable 3000
At the time of depreciation run we selected actual dep key is 5% but we taken 7% so the depreciation was posted wrongly how to rectify it?
1)What is E-1 Sales (Sales in Transit) Full Guidence From Issue to receipient. 2) What is F Form How Are procedure
What are the effects when intangibles and tangible assests decrease
Define fair value accounting?
Is it possible contra entry in SAP FICO
formula of reduction in tax credit of vat form 201(gujarat)
What does the word credit mean in terms of accounting?
a person have to buy 2kg items out of 4 differnt price tag item i.e potatoo rs. 10 kg, onion rs. 5 kg , radish rs. 1 kg, and chilli rs. 1 kg in rs 10 how can he do
What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?
What is full rate on plywood box in haryana sale tax: