prepaid expense ,how to treat in profit & loss a/c
- 4 Answers
- 35023 Views
- I also Faced
- E-Mail Answers
Answer Posted / sreedhaam
If prepaid expenses are given in the trial balance they are
recorded in the assets side of Balance sheet only. But if
they are given in the adjustments they are subtracted from
concerned expenses in the debit side of profit and loss
account and again are shown in the assets side of Balance
Sheet.
| Is This Answer Correct ? | 60 Yes | 3 No |
Post New Answer View All Answers
How i should sellone the mobile phone when interviewer will ask sell this phone to me?
what is the deference between depreciation explanation
In Service tax Return ST-3 What is meaning of first Row (i) Service tax payable (a) Gross amount received in money (I) Against service provided Pls explain in detail
Tell About ur self what will i say plz help me
What is the difference in accounting and marketing?
What is the diffrent job&project accounting?
What are the criteria for accounting job?
What is full rate on plywood box in haryana sale tax:
HP EMPLOYYES - If any one in HP company, Please give refernce for attend the Accounting Job in chennai,Bpo- chetpet.If any one Worked there Please,Send mail to me Umaiyo@gmail.com.I have 1 year exp in banking sector, & 8 months exp in accounting in SIEMENS, at present I'm searching for a job.If any person see this mail,Kindly send mail to me. Thank U Friend.
Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.
What are the columns of a journal?
Do you know what is the importance of team work in this position?
Do you know what is liabilities and what all does include in current liabilities?
Accounting for vc money in financials
How is the accounting for lease transactions done?
