Prepayment

kishore kumar (Asst.Treasury) (33 Points)

18 June 2019  
hi, if the prepayment invoice dated to 7th June19, for the period 1-06-19 to 31-05-20. and book entry date was 14-06-19. Compnay books close date is 28-06-19.

please advise whether June month cost can be Expense off and rest of the cost can be taken to prepayment account.

what does prepayment concept say in this case..