What is prepaid expense?
Certain expenses like insurance premium,rent rates etc, are often paid in advance.In this case a part of the amount paid during a given period relates to a subsequent period .For example the debit in the following expense account shows the premium cost of two-year fire insurance policy. In this case,We paid 12 months insurance premium,… (0 comment)
Outstanding Expense & Journal entries
The outstanding expenses are those expense which are due but not paid. In order to know the exact business result such expenses are accounted in the period as it occurred. The amount shown against an expense item in the trail balance represents the amount actually paid, and if any amount remains unpaid on account of an… (1 comment)
Direct Expense and examples
Direct Expenses are expense which are directly involved in the production process in case of manufacturing or selling process in case of a trading business. While calculating cost of the goods sold or cost of production it is necessary to include all expenses directly attributable to putting the goods in a saleable condition.For Instance,When Goods are… (0 comment)
error: Content is protected !!

Related pages


what is the journal entry for accrued incomefinancial accounting journal entry examplesdescribe the process of preparing a trial balancesimple definition of debentureschart of accounts in tallysteps in reconciling a bank statementregistered debenturesaccounting voucher entrytax tdsstock ledger formatformat of cheque receipthow to tally numbers in exceltally manual pdfmoa formatwhats ledgerhdfc bank bank statementexcel shortcuts keys pdf downloadtds when to be deductedjournal entry for recovery of bad debtsaccounts payable subsidiary ledgertcs tax meaningjournal entry for accrued interestcustom voucherstally for accountingistcspass journal entries for the following transactionsay 2014 15 tax slabstally 9.0 setup free downloadjournalizing transactions in accounting examplescheque voucher formattds tax deducted at sourcewhat is contra vouchertally trial balancetax proformabank reconciliations examplestally book pdfdefine input vatform 27eqvat input and outputsales and purchase ledger templateincome tax slab for ay 2014-15typical journal entries accountingdebentures and its typestally dictionarypetty cash journal entryjournals and ledgersis a proforma invoice a tax invoicereceipt voucher formatdebtor and creditor meaningtypes of ledgersaccounting for asset purchasejournal entries for depreciationicici bank cash depositaxis bank home loan account statementcorporate identity number cinprepaid income journal entrypost dated cheque accounting entryhow to learn tally 9.0tally loginjournal entry for tax payabletally software 9.0 free downloadwhat is the difference between depreciation and amortizationfixed asset ledgerincome tax slab for 2015 16journal and ledger pdfsales ledger debit or creditexamples of adjusting journal entriesdifferent types of vouchers in accountingprepaid insurance in accountingwhat is tds tax deducted at sourcecontra note sampleaccounting journal and ledgersales ledger definitionsuspense account meaning in hindihow do you prepare a trial balancebad debts entry in balance sheet