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Prepaid interest given in the Trial Balance will be treated as a (an):

A)  Asset

B)  Liability

C)  Revenue

D)  Deferred expense

Accounting Cash Flow Forecasting Financial Reporting Financial Systems Feasibility Studies
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Question added by Shazia Anees , Assistant Manager Finance , Arham Trading Company
Date Posted: 2015/06/11
Upvote (2) Views (9) Followers (6) Answers (5) Report Question
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Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option A is the right answer.

Muhammad Ramzan Tufail ACCA
by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

A) Asset..........................

Muhammad Azhar Zahid
by Muhammad Azhar Zahid , ERP Consultant , Supersoft Database Developers

A:} Asset...........................................................................................

Bilal Bilal Ashraf
by Bilal Bilal Ashraf , Assistant Accountant and Office Admin , Hamdaani Food Company

Prepaid interest given in trial balance will be treated as Asset

Wasim khan wazir
by Wasim khan wazir , Finance Specialist , Mott Macdonald

Prepaid interest kind of assets. OPTION A

 

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