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Bifurcation of prepaid expenses

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(Querist)
31 October 2024 How to bifurcate of prepaid expense.
Days wise or month wise Please reply.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
04 November 2024 Both methods are acceptable, but the choice depends on your accounting policies and the level of accuracy you need for financial reporting. Month-wise is usually sufficient and simpler to manage, while day-wise provides higher precision if necessary.
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