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


Please Help Members By Posting Answers For Below Questions

what is tax deducted at source

1830


please tell me when co. owner invest money in his family members bank a/c. not any transaction came in business can we do this bank statement in tally ?

1377


HI FRNDS THIS IS NARESH I DONE MBA (FINANCE)IN 2011. AND I DID COMPLETE SAP FICO.I WANT TO DO START CAREER WITH SAP FICO PLZ TELL ME PLZ HAVE ANY INTERVIEW AS FRESHER IN HYD OR PLZ SEND THIS MAIL...NAINALA.NARESH@GMAIL.COM

1964


capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?

1089


when dissoluction of firm why investment flchuationfund subtrect from book value

1533






WHEN WILL SBI DECLARE THE RESULTS OF INTERVIEWS OF CLERICAL CADRE HELD IN APRIL-MAY 2010?

1652


calculations of pf

3192


I want to know the Payroll Accounting Questions

2213


1.recivable and payble 2.pf,tds,esi

1511


We have purchased some good from our vendor and we asked them to transport the same to some address but they have raised a debit note to us for transportation instead of invoice. Same like we have given some order to manufacture for developing that product they have charged some amount for that also they have raised the debit note. How to account these type of debit notes in tally..?

1354


How much statistics knowledge is necessary or required in accounting?

897


What is ppe in accounting?

616


IF ONE SUB CONTRACTOR GIVE US BILL OF RS.120000 FOR APRIL,RS.110000 FOR MAY & RS.180000 FOR JUNE WITH LABOUR CHARGES INCLUDING VAT @12.5%.HOW MUCH AMOUNT SHOULD WE DEDUCTED AS A WCT TAX?

1698


Hello Friends, I am Vinod Rawat & want some tips of interview question for the post of accountant in a reputed company Pls. Given Examples.

1558


Explain what is accrual accounting?

670