Interested to Buy Any Domain ? << Click Here >> for more details...
what is pripaid expences nd difference bteween pripaid and
advance
- 6 Answers
- 22208 Views
- I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
Certain expenses are paid in an accounting period prior to
which the expense actually relates & these are called
Prepaid Expenses. For example, payment towards Annual
Maintenance Contract (AMC) paid during the middle of a year
for 1 year. The portion which relates to the next year is
prepaid expense.
Where as advance may be for anything like advance for supply
of goods, assets, services, etc, including expenses. Both
are coming under Current Assets, Loans & Advances in the
Balance Sheet.
In short, all prepaid expenses are advances, but all
advances need not be pre-paid expenses.
| Is This Answer Correct ? | 33 Yes | 3 No |
Post New Answer View All Answers
what is mba tell me the more benefits in mba
Dear all We have purchases the dialer & loger with all equipement for setup new call center from simens ltd. i taken to in our books as plant & machinary under fixed assets .So we want the rate of deprecation. Please answered me .
define fixed assets
what is pre post expenses
Expand---------ODMT
What was use of tally erp 9? Types of vat?
Can i make invoice when my client apply for TIN Number ?
hi, what type of questions are asked in capital iq interview .plz let me know. thanks... venkat...
What is the base for issuing of C-form date of sale or date of purchase since goods sent by one quarter ended may reach in next quarter.
Breif notes about accounting standards
Plz send me the questions that could be asked in an interview for a Bank Clerical job to suja_aln@yahoo.co.in. Thank you.
shares journal entries
I want to know how to get Appeared to the examination of State bank of India. And how can i find the question Book Series.
Short Answer on ______Amortization
Erection and Instalation charges of Rs 7500 to Lift was debited to repairs and maintenance account. Rectify it
