Answer / chandhu m

Prepaid expenses are the expenses paid by the company, but
not incurred.
As we follow accrual concept - it will be considered as an
asset

Answer / amarnath

Prepaid Expense is an expense paid in Advance for future
peiod and at the current period it is not incureed.

Ex: Rent paid in advance

It is treated as asset.

if you reconsilation is doing at end of the month 31 march. you have question for one amount on 30th march which is the banker said that we do not know about the 30th march entry, the amount deposit and expenses. please come after one week. but u need to complete reconcilation end of march. so, what will you do know?

6 Answers   Genpact,

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What Debt Equity Ratio ?

2 Answers   HCL, ICICI, Xchanging,

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Authorised sharecapital is 20000,issued capital is 15000 shares and treasury stock is 3000 calculate the outstanding shares?

4 Answers   DataMonitor, FactSet Systems,

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what is shudle six balancesheet

5 Answers   Genpact,

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What is double entry book keeping?

2 Answers   GMC,

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what can increase gearing?

0 Answers  

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what is joint venture?

0 Answers   Wipro,

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What is cash profit? how can we calcute?

15 Answers  

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Answered but misspelled pl correct accounting measures past performanceof the business entityand depicts the current financial position (Ans.MMEEEASURNT)

1 Answers  

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Which Exchange determine Foreign Exchange/Currency Rate?

0 Answers  

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differnce between the 4.7 & 6.0 versions?

0 Answers   Deloitte,

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why all the people prepared balance sheet like liabilities and assets ? why not we prepared like assets and liabilities

2 Answers   CTS,

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