Question

An amount of Rs. 68,000 was paid on 3/3/17 for advertisement in a newspaper. This was published in the news paper on 3/4/17. This expenditure will be shown as______ (a) Liability in the balance sheet on 31/3/17 (b) Prepaid expenses on the assets side of balance sheet on 31/3/17 (c) An expenses in the profit and loss A/c for the year ended 31/3/17 (d) None of the above

Answer 1

the correct answer to your question is option (b)

as advertisement is a kind of expenditure and this is paid 1 month earlier.

Answer 2

$\huge\mathbb{Hello Friend}$ ❤️❤️

$<b>The answer of u r question is<b>$ ......✌️✌️

Ans:✍️✍️✍️✍️✍️✍️✍️✍️

⭕️⭕️An amount of rupees 68000 was paid on 3rd Marx on the year of 17 for advertisement in a newspaper this was published the newspaper on 3rd April 17th the expenditure will be shown as prepaid expenses on the sets side of balance sheet .⭕️⭕️

So,

The answer of u r question is

Option. B✔️✔️

Thank you..☺️☺️