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

Categories >> Accounting >> Accounting AllOther
Suggest New Category

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

5 Answers
9605 Views
L&T, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

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

Is This Answer Correct ?

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..

Is This Answer Correct ?

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

Post New Answer

More Accounting AllOther Interview Questions

What is Deffered Tax?

11 Answers Ashoka Distillers and Chemicals, Capital IQ,

How can i prepare MIS report for Finance?

0 Answers GMC,

Expand--------SRTA

0 Answers

what is fixed cost?

16 Answers

Salry pai dto Sharma debited to Sharma account is it correct.If not correct rectify it

7 Answers Accenture,

What is Working Capital?

10 Answers Capital IQ,

Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner

0 Answers

Is there any difference between Income and Profit

3 Answers

Role played by a financial manager in matter of dividend policy

1 Answers

plz send all previous question papers for SBI clerical post.My email id is mechabhilash6@gmail.com

0 Answers State Bank Of India SBI,

i want to know the procedure of Tds ledger in tally for Event management co,s means procedure of creating TDS ledgers and how to know the outstandigs of Tds payable and Receivables plz guide me.........

4 Answers

What is the difference between cash and mercantile system of accounting? Which according to you is a better system & why?

2 Answers

For more Accounting AllOther Interview Questions Click Here