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Accountancy Query

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14 September 2021 In the trial balance prepaid expenses are having both debit and credit balance.
How I should treat it for the preparation of financial statements?

15 September 2021 Credit balance may be due to reversal. Net it off both balances.

15 September 2021 And if by doing net I am getting credit balance then what should I do?




15 September 2021 Debit this head and credit such expenses head.



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