Accounting

please suggest as to which AS needs to be followed for payment of prepaid cards?i mainly want to know the actual entry that needs to be passed in the account books for advance payment and for prepaid cards?

 

Replies (8)
Clear the question
there's no such AS for prepaid cards to be followed.
what type of prepaid cards are you referring.
Just make it more clear to understand
thank you and congratulations

this prepaid card is being used for payment of school bus fuel charges.the amount will be alloted for each bus separately from the total available amount.

us this school bus used for business purposes. please provide the exact nature of your business

the school bus is being used for transporting students to and from the school to residence.note the school is  CBSE affiliated and being run under a registered society.

thank you and congratulations

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