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Swach bharat cess prepaid entry
Now we all know that SWACH BHARAT CESS is to booked as an expense but I have some doubts in case of Insurance premium paid SBC is also to be booked as prepaid SBC just like Prepaid Insurance Expense or total SBC expense is to be booked... please reply ASAP if anyone Knows
Replies (2)
SBC IS PART OF COST SO FIRST ADD IT IN TOTAL AMT OF PREMIUM ,
THEN BIFURCATE IT IN PREPAID AND CURRENT EXPS
agree with Ankita CWA
SBC is part of Insurance premium incured by you, to be bifurcated as prepaid and current exp.
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