Accountancy, asked by antonythomasbiju, 10 months ago

is prepaid expenses real account​

Answers

Answered by rsultana331
7

Answer:

Real Account as it comes in Balance sheet under the Current Assets. The concerned prepaid expense will be deducted from the related expense in the profit & loss account in order to identify the actual expenses related to that year .

Explanation:

follow me

Previous Question
Next Question
Similar questions
Math, 5 months ago
2m^+1×2m=-8 please solve in step by step​...
Math, 5 months ago
Jyoti and Meena run a ready-made garment shop. They mark the garments at such a price that even after allowing a discount of 12.5%, they make a profit of 10%. Find the marked price of a suit which costs them Rs. 1470.
Physics, 5 months ago
7 12. The number of molecules of Sulphur (S8) present in 16g of solid Sulphur is how to do​...
Social Sciences, 10 months ago
five animals that live surrounding​...
Physics, 10 months ago
A uniform wire of resistance 100 ohm is melted and recast in to wire of length double that of the original.What would be the resistance of the new formed?
Math, 1 year ago
Why sin and cos negative gives trigonometric functions?
Business Studies, 1 year ago
Why should a business assured socially responsible?
Chemistry, 1 year ago
Why ninhydrin ia prepared in acetone not in water?