what is prepaid expenses & entry

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what is prepaid expenses & entry..

Answer / manish kumar

prepaid exp ere these exp which exp are paid in advance
entry
prepaid exp a/c dr
to cash a/c cr
these exp are treated as assets so these exp are shown in
assets side in balance shett

Is This Answer Correct ?    35 Yes 2 No

what is prepaid expenses & entry..

Answer / ashish sakalley

Prepaid exp are those exp which exp are paid in advance
like Annual Maintenance Contract (AMC). If you paid AMC of
Rs.10,000 from September'09 to August'10 in this case your
entry is :-

AMC A/c Dr. 5000/-
Prepaid AMC A/c. Dr. 5000/-
to cash/bank a/c cr. 10000

Is This Answer Correct ?    16 Yes 2 No

what is prepaid expenses & entry..

Answer / pradeep p s r n

prepaid expenses are those which are paid in advance before using the service


prepaid expenses a/c. Dr
to cash a/c

Is This Answer Correct ?    11 Yes 3 No

what is prepaid expenses & entry..

Answer / rabindra mallick

Prepaid Expenses a/c Dr. (The amount paid in advance)
To Cash / Bank a/c Cr.
(Being amount paid in advance)

Is This Answer Correct ?    1 Yes 1 No

what is prepaid expenses & entry..

Answer / sanjeeva reddy

Pre paid expenses are those which are paid in advance than
they accrue.

Entry for the same

Pre paid Expenses a/c Dr (Under Current Assets)
To Bank/ Cash a/c

Is This Answer Correct ?    0 Yes 1 No

what is prepaid expenses & entry..

Answer / xxxxx

Expenses which has been paid in advance is called prepaid expenses.

Prepaid expenses a/c DR
To Respective expenses a/c CR

Is This Answer Correct ?    0 Yes 1 No

what is prepaid expenses & entry..

Answer / shilpa

Prepaid expenses are expenses for next year but paid in
this year. entry
prepaid exp a/c .........Dr
to particular exp a/c.
balance of it transfer to current asset loan and advances

Is This Answer Correct ?    5 Yes 7 No

what is prepaid expenses & entry..

Answer / guest

prepaid exp a/c dr

to cas

Is This Answer Correct ?    0 Yes 2 No

what is prepaid expenses & entry..

Answer / sanjay.kashyap555

expenses a/c Dr
Cash/Bank a/c Cr

Is This Answer Correct ?    0 Yes 4 No

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