Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

pre paid expense is a asset?where it should be posted.

Answer Posted / gouthami

prepaid exepenses comes under current assets. it should be
posted on assets side in balance sheet under current assets.

Is This Answer Correct ?    6 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the functions of manger -accounts and manager-finance?

1112


How does accounting contribute to the community?

1035


What are the most important goals of accounts receivable?

995


What do you know about this position?

1052


Tell me the types of accounts involved in double entry book-keeping?

1046


i want to wearies heads under direct expenses and indirect expenses

1941


hi every one i just want to know the entry for bank charges dt 31.3.2016 which deducted on 02.04.2016 kindly help me thank you raj

1616


Tell me what are the three factors that can affect your cash flow and business profitability?

982


Payment Blocks . What is "A" and "R" Blocks in Account payables.. ??

1568


Please let me know Under head of Sales Advance?

1954


Hello Friends, I am Vinod Rawat & want some tips of interview question for the post of accountant in a reputed company Pls. Given Examples.

1967


Explain the Invoice verification process

2715


I am a Leaving Cert Student. From Solutions to exam questions etc. I know what to do with the following adjustment but I cannot explain why. A thypical Adjustment is: A building is acquired for €60000 plus VAT at 10%. The amount paid to the Vendor was entered in the Buildings Account. No entry made in the VAT account. Could you explain why the VAT amount is deducted from the VAT amount in the TB? And why it is sometimes an Asset in the BS. Thank you, Mary

1784


if I m taking a loan from bank of AED 20 lakhs @ 10.25% per annum for 10 years how much amount as intrest I need to pay in this 10 year period of time to bank.

2374


what is consignment entry?

2193