Communiquez avec les autres et partagez vos connaissances professionnelles

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

Suivre

Choose the correct answer about prepaid expense

A- DR. Cash - CR. prepaid expense B- DR. Prepaid expense - CR. Cash C- None

user-image
Question ajoutée par Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date de publication: 2015/04/23
Utilisateur supprimé
par Utilisateur supprimé

Answer is

 

>>B)DR prepaid expenses

        cr cash

Asad Ahmed
par Asad Ahmed , Manager Finance & Company Secretary , Connect Communications Pvt. Ltd.

B. When we paid an amount for any future expenses the entry will be as follows

 

DR. Prepaid expenses

    CR Cash / Accounts payable

& when the expense occur then we actually expense out the prepaid expense by the following entry

DR. Expense

  CR. prepaid expense

intikhab hussain
par intikhab hussain , Project Cost Controller , Mustafa Nasr Bin Abdullah Alfaraj

Srcond entry is yhe correct one. so B is the correct snswere

WILSON DEPALAC
par WILSON DEPALAC , assistant manager accounts , falcon pack industry llc

My answer is b. debit prepaid expense cr. cash.

meaning you paid in advance the expense

Rizwan Khalid
par Rizwan Khalid , Chief Accountant , Promedic Saudi Arabia

B.....................................................................................

 

Mohamed Reda
par Mohamed Reda , Accounting Supervisor , carriage saudi Limited @ Delivery Hero Company

Correct answer is  B..............................................

 

Muhammad Imran
par Muhammad Imran , Ast Finance & Accounts Manager , Mohmand Dada Minerals (Pvt) Limited

Prepaid expense for the company is current assets so so Answer B is correct

Prepaid Expense Dr

Cash Cr

Hamdy Abd El Aleem
par Hamdy Abd El Aleem , Area Financial controller , Paradise Inn for Hotels, Resorts and touristic investment s

B- DR. Prepaid expense - CR. Cash is the correct answer

Sahle Michael Ayele
par Sahle Michael Ayele , Senior Fianance officier , Ministry of Agriculture

B is the correct answer and the entry would be :-

Prepaid Expense       Dr

    Cash                                      Cr

Saidul Alam
par Saidul Alam , Accountant , Akhtar Al Balushi Trad. & Cont. L.L.C

Correct Option is B.....................

Khaled Mohee Eldeen Abbas Mahmoud
par Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed

B- DR. Prepaid expense - CR. Cash

More Questions Like This