Prepaid expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 May 2013
Company has paid insurance premium to Bajaj on 25-3-13 for the the period 31-mar-13 to 31-mar-14.Payment entry is made on 25th itself but booked as an expense on 1-4-13.is it correct?Actually they should show as prepaid expenses in march itself
Anil Sankar V
(Expert)
02 May 2013
Ya, show as prepaid expense.
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