What is the journal entry for Prepaid expenses?
Answer Posted / raju
when paid in advance, the general entry would be like that
prepaid expense a/c dr
to expense a/c
| Is This Answer Correct ? | 2 Yes | 14 No |
Post New Answer View All Answers
What is the difference between deferred revenue and accrued revenue?
What is Bank Reconciliation Statement? How to calliculate in tally erp9.0?
Tell me how can you explain the basic accounting equation?
Hi, in Vendor Master i put in defualt data material in purchasing group in sap. now i want to report or list only purchasing group wise vendor only like subcontractor vendor list only how to get this?
salary payable deduct tds entry
How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.
i am normally accountant. i am not a CA. then i learn a account maintain
iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above
how will decide that vender payment is ok without reco
What is the use of accounting?
Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same
What is a comprehensive income?
what is journal entries for Vehicle loan settled with bank after Sale of the vehicle on profit or loss in case the party paid check direct to Bank .......???
Do you think accounting standards are mandatory and why?
Can it be possible to transfer FCRA funds to an ngo who don't have FCRA registration no.