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what is the Entry for Prepaid expenses? which side it come
in balance sheet?
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Answer / shiv kumar
Prepaid Insurance Expenses 750.00 (Curr. Asstes)
Insurance Expenses 750.00 (Ind.Exp.)
To Cash 1500.00
(Being Cash Paid For Insurance Exp.)Shiv.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / mba vijai
when company pay more than employees salary for a particular
month...its the advance salary or prepaid expense.
its the CA and show its in balance sheet in asset side.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / sandeep singh
the answer given by mr.Soundar is perfectly right
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / asma
prepaid salaries
salaries expenses
prepaid saleries less from trial balance and comes enter the
balace sheet
| Is This Answer Correct ? | 1 Yes | 5 No |
Answer / veerendar
prepaid expenses A/c Dr
To Expenses A/c
and it appears on liabilitys side of balance sheet
| Is This Answer Correct ? | 5 Yes | 31 No |
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DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?
what is brs
Which entry we pass self entry like cash withdraw for ourself
what is your achievements?
Audit 
