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what is the Entry for Prepaid expenses? which side it come
in balance sheet?

Answers were Sorted based on User's Feedback



what is the Entry for Prepaid expenses? which side it come in balance sheet?..

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

what is the Entry for Prepaid expenses? which side it come in balance sheet?..

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

what is the Entry for Prepaid expenses? which side it come in balance sheet?..

Answer / guest

prepaid expenses debited to expenses

asset side

Is This Answer Correct ?    0 Yes 1 No

what is the Entry for Prepaid expenses? which side it come in balance sheet?..

Answer / sandeep singh

the answer given by mr.Soundar is perfectly right

Is This Answer Correct ?    0 Yes 2 No

what is the Entry for Prepaid expenses? which side it come in balance sheet?..

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

what is the Entry for Prepaid expenses? which side it come in balance sheet?..

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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