Trending Prepaid Discussions

Do you belief the off-deck advertising can drive wireless internet usage and revenue without degrade user experience?‎

Overstated Prepayments & Liabilities?‎

CASE: 1. Financial Year is Jan-XX to Dec-XX 2. Medical Insurance Annual Policy is from Jul-XX to Jun-XY 3. Total Value of Policy being SR120,000.00 payment terms being‎ ... See More

Please Please calculate the amount to be debited income & expenditure account in respect of salaries ?‎

Suppose salaries paid during the year2014 $10 salaries unpaid on31st Dec2013 $20 salaries prepaid on31st Dec2013 $500 salaries unpaid on31st Dec2014 $2200 salarie‎ ... See More

What is the difference between Accrued and Prepaid Expense? ‎

Visa expenses paid for two years, can we calculate half an amount as current and remaing as prepaid expenses?‎

Define Accrued Expenses and Prepaid Expenses?‎

What should be the pricing model for 4G data services for prepaid segment ?‎

 

Answer added by  MAZEN EL BARDAN, Finance Manager, DYNAMIC MOTION LLC
8 years ago

The answer is No. It is not overstated. Justification: Insurance invoice was recorded/debited to prepaid control account as a balance sheet item and therefor it didn' ... See More

 

Answer added by  Mir Mujtaba Ali, Internal Audit Manager, Confidential
9 years ago

Prepaids and accruals relate to the services and goods a company receives from its vendors for which payment has been or will be made. Prepaid expenses are the advance pa ... See More

 

Answer added by  yousaf Hussain, Audit Officer, Albaraka Bank Pakistan Ltd
10 years ago

Accrued expenses are those which are yet to be paid but the benefit associated to them is acquired already. we treat them as liability which has to be paid.  Prepaid expe ... See More