Answer / tapan maity

1) Prepaid Expenses A/C Dr
To Bank/Cash A/c

2) Expenses A/C Dr
To. Prepaid Expenses A/c

Answer / rathnakar

1.Prepaid Exp. Dr
To Cash/Bank A/c.

Answer / debasmita

expenses, which are paid in advance, have not yet been incurred, are called as prepaid expenses. it is considered as an asset.Here one asset(prepaid expense) is increased and another asset(cash) is decreased. So the entry is, Prepaid expense A/c Dr To Cash/Bank A/c

Answer / biswajit bhowmick

prepaid rent means that advance paid.
for this entry will be pass

prepaid rent a/c dr.
to rent a/c.

in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.

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