what is the Entry for Prepaid expenses? which side it come
in balance sheet?
Answer Posted / 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 |
Post New Answer View All Answers
What type of questions are asked for Interview of Manager Finance in Airport Authority of India ?
what is Exposure ?
Expand----------CMST
fd redeem interest and principal entry in tally
What is the treatment of Capital Work in Progress as per the International Accounting Standards.
Why we reconcile our debtors? what steps we taken during reconciliation.
What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?
What Settlement details are required on the delivery instruction slip?
what is Rectification of Errors ?
Whether setting up of diary plants comes under CMA under Farm Sector or Non Farm Sector
How shall I calculate the true profit of my business, as I am a layman for accounting.
What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times
For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax
What is cash clearing account
example of SOP