Interested to Buy Any Domain ? << Click Here >> for more details...
pre paid expense is a asset?where it should be posted.
- 7 Answers
- 16454 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
if accounting year is 2010-11 which will be the assessement year.
How to treat interstate exempted purchases? And its necessary to issue c form?
What is the nature of bank account: a) nominal b) real c) personal
vat will be charged on any type of transportation ?
Purchase returns?
How to approval an invoice
formula for capital turnover ratio
when I make a telephone payment to Airtel, under which group airtel fall?
What do you mean by the word Loss in nominal accounting Give some examples
A firm pays commission to its manager @10%on profits arrived at after charging such commission.What will be the amount of commission if the profits before charging such commission is Rupee 22,000?
tell me the best way to minimize the cost of a company?
Do you know what is balance sheet?
Audit 
