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what is the Entry for Prepaid expenses? which side it come
in balance sheet?
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Answer Posted / nelgin
the 6th answer is the right one by mr soundar
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We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............
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