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Prepaid expenses transfer to Expenses A/C

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(Querist)
01 October 2023 How to transfer prepaid expenses to expenses in next FY.
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RAJA P M

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RAJA P M (Expert)
01 October 2023 Transfer the required amount to Expense account which is already taken from the exact Expenses...
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Asha Kanta Sharmapro badge (Expert)
16 January 2024 The Prepaid Expenses need to be apportioned on a monthly basis and at the end of each month DEBIT the said expenses and CREDIT PREPAID EXPENSES.
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