Answer Posted / d.vinay

for prepaid expense:

1.prepaid expense a/c dr
TO concerned expense a/c

eg:-for prepaid salary entry will be

prepaid salary account dr
TO salary account


for outstanding expenses :

1.expense a/c dr
TO outstanding expenses a/c

eg:- for out sanding salary

salary a/c dr
TO outstanding salary a/c

Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?

2000

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Expand MNS

2292

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2488

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2091

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2778

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2205

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What is the defination of job costing, batch costing and contract costing?

4185

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Transfer nett profit of Rs 325000/- to Reserves and Surplus

2480

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2519

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2118

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2240

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Short Answer on __________Revenue

1996

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2449

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2276

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2266

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