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what is the Entry for Prepaid expenses? which side it come
in balance sheet?

Question Posted / rakesh

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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