Prepaid expenses, Accounting Standards

Assignment Help:

Prepaid Expenses

In many conditions, like a custom, some of the item of expenses is generally paid in advance such as rent, taxes, insurance and subscriptions. The rationale of comprising these prepayments like current assets is such that if these prepayments were not formed they would need use of cash during the period.


Related Discussions:- Prepaid expenses

Advance accounting, journal entry and balance sheet for acquisition

journal entry and balance sheet for acquisition

Ias, last changes in accounting standard in aias?

last changes in accounting standard in aias?

Accounting concepts, Accounting Concepts: The dual aspect principl...

Accounting Concepts: The dual aspect principle has specific relevance to balance sheet. According to this principal, every transaction is concerned as one that has dual ef

Standards at international level, Standards at International Level: In vie...

Standards at International Level: In view of the development of international trade and multinational enterprises, the requirement for standardization at the international level w

CIB-200 Accounting Fundamentals, Need solution Corporate Financial Account...

Need solution Corporate Financial Accounting Chapter 3 and Chapter 4: Complete PR 3-4A on page 137 using appropriate software. Complete EX 4-4 on page 187 using appropria

Explain the procedure followed in government system , Explain the procedure...

Explain the procedure followed in government system of accounting in india

Accounts receivable, These are amounts owed to the company through debtors....

These are amounts owed to the company through debtors. This is the purpose why we also utilize the term sundry debtors to indicate the amounts owed to the firm. This signifies amou

Pruthviraj, Explain in Details Return on Investment

Explain in Details Return on Investment

Net sales, This includes both cash and credit sales of goods. From this dem...

This includes both cash and credit sales of goods. From this demonstration of total sales, sales return also termed as Returns Inward, if any then is deducted in the inner column a

Objectives of final accounts, Objectives of final accounts describe ...

Objectives of final accounts describe Final Account; know their objectives and preparation of Trading and Loss and Profit Account; find out the difference among Trad

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd