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Prepaid expenses

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(Querist)
05 September 2017 tell me the treatment of Prepaid expenses in profit and loss account and balance sheet.
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Ashiwini Ballodia

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Ashiwini Ballodia (Expert)
05 September 2017 Prepaid expense to be capatilised in balance sheet & it should be transferred to p&l when the event for which payment has been done has been complete
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raj kumar verma

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raj kumar verma (Querist)
05 September 2017 thanks a lot sir
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