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

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

Answer / shiva

prepaid expenses which come in balance sheet asset side only

Is This Answer Correct ?    287 Yes 20 No

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

Answer / raghav

prepaid expences are current assets of company it comes at
asset side of balance sheet

Is This Answer Correct ?    251 Yes 18 No

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

Answer / manas jose

prepaid expense a/c dr
to particular expense a/c cr

prepaid expense comes on the asset side of balance sheet

Is This Answer Correct ?    168 Yes 28 No

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

Answer / jaidev guin

Prepaid Expenses A/C Dr
To Cash / Bank A/C


Prepaid expenses is shown as an asset in the Balance Sheet

Is This Answer Correct ?    137 Yes 31 No

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

Answer / soundar

Prepaid expenses means the Amount paid in advance for the
expenses related to subsquent year. Example Insurance
charges for a vehicle from Feb to Jan the entry should be
passed as follows

Insurance charges ( For Feb & Mar ) DR (Expenses head )
Prepaid expenses ( Apr to Jan ) DR (Asset head )

Bank / Cash CR

In the Subsquent year the above entry should be reversed
thro' journal as below

Insurance charges ( Apr to Jan ) DR
Prepaid expenses CR

Is This Answer Correct ?    114 Yes 15 No

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

Answer / rajesh

Prepaid Expenses A/C Dr
To Cash / Bank A/C

prepaid expences comes under assets side

Is This Answer Correct ?    101 Yes 24 No

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

Answer / umesh tayal

Prepaid Expences A/c Dr.
To Cash / Bank / Vendor A/c Cr.

It will be shown at Assets Side of Balance Sheet.

Is This Answer Correct ?    50 Yes 5 No

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

Answer / saravanan

Prepiad Expences A/C Dr XXX
To Expences A/c CR XXX

___________________________________________________________
Dr P&L A/C CR

Total Expences XXX
(-)Prepaid Exp XXX
----- XXX
___________________________________________________________
Liability Balancesheet Asset
Prepaid Exp XXX
___________________________________________________________

Is This Answer Correct ?    65 Yes 21 No

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

Answer / naveen.c.d

prepaid expenses a/c Dr xxxxx
to cash a/c xxxxx
(being, expenses paid in advance)

prepaid insurence comes under asset side of balance sheet.

Is This Answer Correct ?    43 Yes 4 No

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

Answer / devidas deshmukh

Prepaid Expenses A/c Dr.
to Cash / Bank A/c

Prepaid Expenses shows in Balance Sheet under Current
Aseets & Loans & Advances Heads. after complation a period
of this it is revese back to Profit & Loss A/c

Is This Answer Correct ?    49 Yes 13 No

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