What is the journal entry for Prepaid expenses?
Answer Posted / raju
when paid in advance, the general entry would be like that
prepaid expense a/c dr
to expense a/c
| Is This Answer Correct ? | 2 Yes | 14 No |
Post New Answer View All Answers
Can you please explain the difference between differentiate between consignor and consignee?
What have you read in the newspapers in the last few days that particularly interested you?
what is "goodwill" reserve and surplus and reserve with example
what is the new rate of c.s.t in uttraklhand
Explain what is the disadvantage of double entry system?
how pass journal entry in the month ending for input vat and out put vat
WHETHER WE CAN BOOK ALL PRELIMINARY EXPENSES, INCLUDING ACCESSORIES RELATED TO PURCHASE OF A NEW VEHICLE TO CAPITAL EXPENDITURE?
using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts
What is compound journal entry?
Please advise how to calculate net asset....
Hello sir, i am assistent executive in partnership firm.i learn't tds return, sales tax return, service tax return and all accounting entry,reconciliation with customer & supplier.BRS. please guide me for more knowledgeble sectore in account. hense i reach become a good position in account sectore.
When you prepare Profit and loss A/C either you will get profit or loss but not both.Then why we are saying it as profit AND loss A/C,why cannot we say it is as Profit OR loss account?
Under the accrual basis of accounting, when revenues are reported in the accounting period?
i have selected jr. accountant/ auditor in ssc graduate level 2008 scheme b. but i have not yet received deptt. memo and also appointment letter. when it will be come??? how much time???
Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored