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A) Miscellaneous Expenses
B) Loans and Advances
C) Current Liabilities
D) Investments
As per Schedule III of the Companies Act,2013 Prepaid Expenses are shown under Current Assets under the sub head Short Term Loans & Advances if the same is paid for less than12 months after the Balance Sheet Date. On the other side if the same is paid for more than12 months then the amount which is paid for more than12 months shall be shown under Non-Current Assets under the sub head Long Term Loans & Advances.
B) Loan and Advances is the right answer.
Answer option >>>>>>>>>>>>>>>> B) Loans and Advances
ANSWER B. LOAN AND ADVANCES
Option B (loans and advances) is the correct answer.
i think investments are considered prepaid expenses because you spend the money first.
B. Loan and Advance .........................
correct answer is ( B)
thank you
prepaid expenses treated as current liabilities
Agreed with Abdul Majid Arora..thank you for the invitation.
