what is the Entry for Prepaid expenses? which side it come
in balance sheet?
- 36 Answers
- 71280 Views
- Accenture, BNY Mellon, TATA, Wipro, I also Faced
- E-Mail Answers
Answer Posted / yash bhatia
1) PREPAID EXP. A/C DR.
TO CASH/BANK/PARTY
(IF EXPENSE IS IN A CREDIT THEN THERE IS A CREDIT TO
PARTY A/C)
2) PARTY A/C DR. (IF THERE IS A CREDITOR)
TO CASH/BANK
3) EXPENSES A/C DR.
TO PREPAID EXP. A/C
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What is the GDP growth?
why you want to join the banking and finance industry?
What is share,Bond, sharecapital, Budgeting, BRS, CA, CL, WC, WACC, Depreciation, types of Depreciation, B/S, CF items and some transactions and Preference Share capital, Equity Share Capital , Debenture and practicle Questions to solve and tell there itself whether the co's good for investing etc..like opinion for problems to find out how good one is with basics.
what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year
I am maintaing books of accounts a Software Co. Kindly advise me Account Head of these exps. (Software Exps.,Internet Exps., Video Exps.,Server Maint.Exps.,& SMS Exps.,) Thanks
Is it correct to covered fesibility report expenses and survey expenses in pre-operative exepenses ?
what is cost accountinp
what is non stock?
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?
Define Salry for the following purpose 1.To calculate HRA
Short answer on____________Assessment Year
HOW TO PASTE MORE THAN 8 PO'S (PURCHASE ORDER) IN MM posting?
what is a depository?
what are the type of cash flows?
I am going for interview in Cross domain for Finance & Accounts opening. If any one having any question paper or question that might be asked in interview pls send me on my mail id -ruchi_singh759@rediffmail.com, or here.
