pre paid expense is a asset?where it should be posted.
Answer Posted / venkatesh
It is an Expenditure incurred during the Current Period which relates to Future Period.It should be shown under Current Assets & Advances on the Balance Sheet.
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
When Iam entering sales in Tally ERP 9, It Is not reflecting in the stock, Why itt is happends like this ? I entered sales with delivery note Number, So think that is because it is not reflecting in Stocks, and when iam checking in the stocks its saying negative stock
Explain me your track record in previous jobs, specifically speaking to any mistakes you may have made. There is little room for error in accounting?
When we received payment from creditors
can any accountant forward format of daily or monthly mis format for accounts and finance dept!!
Key difference between indian accounting standards and international accounting standards is.
Tell me what is the difference between accumulated depreciation and depreciation expense?
salary payable deduct tds entry
Under Accrual Accounting, How Are Worker Comp Premiums Handled?
what type account are below Debentures Bank overdraft
What is mis report , how to prepare mis report for general ledger?
cost of lease=20,000.refundable deposits 2000 (after 4 years).annuity value for 4 years @5% is .2820.find the net charge to p&l a/c
SHADOW BALANCE SHEET
what s account
what is subscription order
Why TDS not Deducted on Service tax amount of Rent.