Fund flow statement
This query is : Resolved
20 April 2014
what is the treatment of prepaid expense in fun flow statement. I have read that it is treated as fictitious asset hence it does not taken into consideration while preparing schedule of changes in working capital. but my doubt is that can we take it as current assets sometimes?
Nikhil Kaushik
(Expert)
20 April 2014
it is a current asset. where did you read that it is a fictitious asset?
Rupesh Jain
(Expert)
21 April 2014
prepaid exp is current assets
the same with outstanding exp. will as current Liability.
the same with outstanding exp. will as current Liability.
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