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Question
Pre-paid expenses are shown on the ....................... side of balance sheet.
- Assets
- Liability
- Debit
- Cash
Solution
Pre-paid expenses are shown on the Assets side of balance sheet.
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RELATED QUESTIONS
Give the word / term or phrase which can substitute the following statement.
Expenses which are paid before due.
Select the most appropriate alternative from those given below and rewrite the statement.
Prepaid expenses are shown on the __________________ side of the balance sheet.
State whether the following statement is True or False.
Prepaid expenses are shown on the asset side of the Balance Sheet.
State the meaning of Prepaid expenses
Show the treatment of prepaid expenses depreciation, closing stock at the time of preparation of final accounts when:
(a) When given inside the trial balance?
(b) When given outside the trial balance?
