Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

Prepaid rent given in the Trial Balance will be treated as :-

<p>(a). asset</p> <p>(b). liability</p> <p>(c). revenue</p> <p>(d). deferred expense</p>

user-image
Question ajoutée par Saleem Khatri , Head of Finance , Berger Paints International
Date de publication: 2014/11/09
Ashraff Ali Jawfer CPA
par Ashraff Ali Jawfer CPA , Plant Controller , Westlake Canada

Prepayment is services owed by the supplier in the future as we have made advance money. Its an obligation to be received from the supplier; hence its classified under Assets

Jishad Kk
par Jishad Kk , ACCOUNTANT , SPINNEYS

Treated as "ASSET" .It will be included with "CURRENT ASSET".

C S Raghunandan Chikkaballapur Rao
par C S Raghunandan Chikkaballapur Rao , Freelancer : , Presently Working for : Brindavan Agencies,Kreations and Sreevamsa sales Organisation.

Prepaid Expenses is an asset shown under Current Assets.

Utilisateur supprimé
par Utilisateur supprimé

It must be Prepaid Expenses under Current Assets.

Muhammad Sanaallah
par Muhammad Sanaallah , Associate Manager Budgeting & Reporting , Emirates Grain Products Company Ltd. (An IFFCO Group Company)

Prepaid rent is treated as current asset in trail balance.

Mohammed Salim Allana
par Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

Deferred expenses paid in advance

More Questions Like This