04 October 2013
hi i am cpt student.can anyone help me in solving this! pick the odd one out: a)debtor a/c b)bank a/c c)cash a/c d)prepaid expenses a/c
04 October 2013
I think prepaid expenses because of it can be written off as expenditure in the coming years or days or period. But remaining three can't claim as expenditure(forget about bad debts from debtors because of written of debtors is special case) but written of prepaid expenses is must and should.
So as per my view Prepaid expenses a/c is different from the remaining three.
CAclubindia
