why Prepaid Expense is treated as an asset & what will be
its journal entry using golden rules of accounting.
- 4 Answers
- 10069 Views
- I also Faced
- E-Mail Answers
Answer Posted / govinda_mahato05
Prepaid expenses is the expenses for which we paid the money in advance for that expense. But actually this expenses will not have occurred at the time of payment. However this prepaid expenses adjust at the time of happening this expenses in actual.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Mention what are things will not be included in a bank reconciliation statement?
what is turn over? what is vat? what should ido to become a expert in acount? plese ans me
Tell me what is trial balance in accounting?
What is double-entry accounting? Explain with an example?
Tell me what does the investment of personal assets by the owner will do?
how will you handle fairs in askening with the a high posistion person in a company? how will i develop my attitude when interviewed? am always scared.
what type account are below Debentures Bank overdraft
Cheque Received From Customer What is accounting entry and in which vocher. coustomer order is 100 items . 5 items given to customer cost rs 2000 5 items Total 2000 and remaing 95 items not deliveried 100000 Cheque Received
for giving the salary in terms of cash to an employee for what minimum amount revenue stamp is reqired to paste the vouceher? up to what limited revenue stamp is required?
HELLO FRIENDS I WANTED TO THAT IS DUPLICATE KEY MAKING CHARGE IS UNDER THE HEAD OF GENERAL EXPENSES
Expenses which are incured during the manufacturing are direct expenses.In that case,what are the direct expense in a trading firm where there is no production.Like salary, rent, electricity etc in a trading firm
What qualifications have you achieved?
whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf
What is dd and a in oil and gas accounting?
what is the Differed Tax Liability & How it is calculate ?
