expense paid but the benefit not been received so far like deferred exp so can

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expense paid but the benefit not been received so far like
deferred exp so can we consider it as a prepaid exp.

Question Posted / mailtoanil

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expense paid but the benefit not been received so far like deferred exp so can we consider it as a ..

Answer / ravi

differed revenue expenditure means the expenditure which
you spent know the benefit will be received in future years
eg-advertisement expenses spent now will receive benefit
in future years

where as prepaid expenses will be posted in assets side of
balance sheet as it was paid in advance

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19 Yes

0 No

expense paid but the benefit not been received so far like deferred exp so can we consider it as a ..

Answer / ankur

yes

Is This Answer Correct ?

4 Yes

2 No

expense paid but the benefit not been received so far like deferred exp so can we consider it as a ..

Answer / rabindra kumar mallick

Expenses paid but benefit not been received so far it is
called deffered expenditure rather than prepaid Expenses,
Prepaid expenses means expenses paid in advance for
expenditure in comming year..

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2 Yes

0 No

expense paid but the benefit not been received so far like deferred exp so can we consider it as a ..

Answer / anurag mundra

No, it can not be prepaid exp. prepaid exp are those type
of exp of which benefit will be in future but incurred at
present.

Is This Answer Correct ?

2 Yes

1 No

expense paid but the benefit not been received so far like deferred exp so can we consider it as a ..

Answer / khageswar maharana

HI THIS IS KHAGESWAR ,YES YOU MAY TREAT THIS AS LIKE AS A
PRE-PAID EXP.E AND WHEN EVER THE ACTUAL EXPENDITURE OCCURRED
YOU HAVE TO WRITE OFF THE SAME TO PLA .

Is This Answer Correct ?

1 Yes

2 No

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