Answer Posted / sajjad1
all expnses which is paid in advance or incured during the
accounting periode but the benefit against these expenses
is not received is know as prepaid expneses.
For Exaple: Prepaid insurance, prepaid rent, prepaid mobile
bill etc
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
What are motive behind mergers And acquisitions?
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
Define Payee
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
Expand---------DEP
we want all sbi previous questions papers in our e.mail krishna2043 on yahoo
what are all the formulas used in bank to calculate their economy
I AM APPLY FOR CLERICAL CADRE IN SBI. SO ANYONE SEND ME QUESTION WITH ANSWERS, WHICH ARE RELATED TO THAT JOB. MY EMAIL ID IS shawetasingh24@gmail.com
Office cash was stolen? state whether the following transcation is business transcation or non business transcation?
what is a Depository Participant?
What is Risk Assessment?
What is the definition of LOSS. Give the formula if any.
please tell me questions asked in NICMAR for the post of accounts executive
how an accountant can do budgetery controls of expenses?
wages posted twice what is the entry for that?
