Prepaid expenses a/c dr To cash or bank a/c

What is the journal entry for Prepaid expenses?

Question Posted / mercy

Answer Posted / mercy

Prepaid expenses a/c dr
To cash or bank a/c

Is This Answer Correct ?

1 Yes

1 No

Please Help Members By Posting Answers For Below Questions

BRIEF IN DETAIL REGARDING RATIOS

1901

1.Which type of records maintaing for Hotels and provision Stores. 2.in Which type of returns we are going to file. tell me whos know brefiely,,

1959

Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?

3831

Dillution effect on EPS

2420

Tell me what are things will not be included in bank reconciliation statement?

1122

Is it mendatory to provide deferred tax asset, where the management not expecting taxable profit in the subsequent financial years.

2120

Please give me as example of service tax & Vat Posting through Tally.

2131

what is turn over? what is vat? what should ido to become a expert in acount? plese ans me

2203

What is cost accountancy?

1257

What is the formula for acid test ratio in accounting?

1025

Compare financial accounting and cost accounting.

1087

In which account does the unpresented cheque will get recorded?

1106

What is aggregate Liabilities ?

2319

what is profit maximisation

2026

under which ledger should i make opening work in progess and closing work in progress

2040