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