pre paid expense is a asset?where it should be posted.
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Answer / radhu
yes,is is a asset ,it would posted under the head current
assets.
| Is This Answer Correct ? | 23 Yes | 2 No |
Answer / venkatesh
It is an Expenditure incurred during the Current Period which relates to Future Period.It should be shown under Current Assets & Advances on the Balance Sheet.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / gouthami
prepaid exepenses comes under current assets. it should be
posted on assets side in balance sheet under current assets.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / raj kumar
prepaid expense is a representative
account and it is incurring presently for r
future benefit so its an asset posted in
balance sheet asset side under the head of f
current asset.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / monu aggarwal
It should be posted under the head of miscellaneous
wxpenditure.Becose it will use in kist.it will be show in
the balance sheet in asset side.
under current asset-sundery debtors,bank account,cash in
hand etc.
| Is This Answer Correct ? | 2 Yes | 6 No |
Answer / sumit malik,b.com,icwai(final)
it is posted in balance sheet in asset side under the head
miscellaneous expenditure
| Is This Answer Correct ? | 6 Yes | 15 No |
ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
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