what is the Entry for Prepaid expenses? which side it come
in balance sheet?
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Answer Posted / rakesh
leave..all..answers...the..rightone..is..here
when..you..are..setting..a..prepaid..account..
.....Rent....a/c..Dr
to...Prepaid..rent
when..you..are..paying..the..rent
.....prepaid..rent..a/c..dr
to...cash/bank..alc
Rakesh
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