Increase in the amount of prepaid expenses results in

Related MCQs

• From the following details calculate the net profit for the year ending 31.03.2013 Opening Stock ` 1,50,000; Purchase ` 2,50,000; Manufacturing Expenses ` 80,000; Selling Expenses ` 20,000; Administration Expenses ` 10,000; Financial Charges ` 5,000; Slaes ` 5,55,000 which includes damaged goods sold for ` 5,000 against the cost price of ` 12,000. Gross profit margin on normal sales is 20% on the sales
• Prepaid expenses are ______ account
• Prepaid expenses appearing in trial balance will appear in _____
• The adjustment to be made for prepaid expenses is
• Prepaid expenses are valued on the Balance Sheet at
• Prepaid expenses are shown under
• Increase in the amount of creditors results in
• Expenses of the following nature are treated as a Revenue expenses except —
• Rent prepaid is
• Petty cash book is prepaid under ______ system