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expense paid but the benefit not been received so far like
deferred exp so can we consider it as a prepaid exp.
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Answer Posted / khageswar maharana
HI THIS IS KHAGESWAR ,YES YOU MAY TREAT THIS AS LIKE AS A
PRE-PAID EXP.E AND WHEN EVER THE ACTUAL EXPENDITURE OCCURRED
YOU HAVE TO WRITE OFF THE SAME TO PLA .
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