what is the Entry for Prepaid expenses? which side it come
in balance sheet?
Answer Posted / naveen
Prepaid expenses a/c DR XXXXXXX
To cash a/c XXXXXXX
(Being expenses
paid in advance)
It comes under 3rd item i.e. current assets of assets side
of balance sheet.
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
what are the different kinds of cash books
with out college degree con't we dc accounting job?
Why we have to present first and second draft(Bill of Exchange) for bank negotiation.Why cant we present only One draft?
What is Spin-off & spilts
Who is called consignor
If i want to establish a company in which i want to manifacture and sell the Wine. So how many permissions i have to taken and who will issue those?
Debit Note & Credit Note?
what are the importance accounting entries for AP and AR process in interview..
What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times
Placed an order with Mani for supply of goods worth Rs.5000/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?
What do you mean by Green-shoe option?
How to Calculate Mortgage?
What is difference between cash flow and funds flow?
Expand SOIT