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Prepaid insurance for car

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166 Points Posted on 25 May 2023
prepaid insurance of car is capital or expenduture, pls explain
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On 25 May 2023 at 09:57 Report
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GST Practitioner & Accounts
15085 Points Posted on 25 May 2023

Prepaid Insurance for  Car  is Capital expenditure, and will be shown Asset side - Balance sheet.

24 Reply
On 25 May 2023 at 10:14
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Profession Business
28207 Points Posted on 25 May 2023
To the extent it is shown as advance.
44 Reply
On 25 May 2023 at 18:26


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