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prepaid expenses (Accounts)

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This query is : Resolved


( Author )
18 January 2011

 prepaid expenses is not consider in case of individual assesse... is it true?


CA PARAS BAFNA

( Expert )
18 January 2011

 Why not considered. If the Individual is following Mercantile System for accounting then such expenses are shown in Assets side in the Balance Sheet.



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