Entry for prepaid expenses?
Answer Posted / manish sharma
Related Expense Dr.
To, Cash or bank or party
(On book/payment of entire exp)
Prepaid exp. Dr.
To, Related expense
(for portion which is not for current period)
Related expenses Dr.
To, Prepaid Exp.
(On the next Period when we start new book of accounts)
| Is This Answer Correct ? | 12 Yes | 2 No |
Post New Answer View All Answers
please give the sbi bank clerk exam paper model in last five years?
Short answer on Allowances
Is WCT paid to be considered as overhead during costing in construction firm?
what is pre post expenses
What type of Questions are asked for Interview in Infosys - Financial Process. Any one who is into Research Analyst or Process Executive role, kindly contribute the Questions faced by you?
Expand------ARN
What is the defination of job costing, batch costing and contract costing?
hi guys, pls refer me how to preppare for Indian Bank exams.
explain the difference between LIFO and FIFO?
Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
Expand-------MTRS
what is status report? and flow report?
In case of new admission of partner what will be the adjustment for the sharing ratios
it is better to invest in which securities short term/long term or both? please reason4 the same
How do you handle lack of direction or working in chaos