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Grabación de prepago y acumulado de ingresos y gastos en el diario general y libro mayor

  • Apuntes
  • Revisión por tema
    BabaJide Martins F.
    TR
    BabaJide Martins F.

    The prepaid expense is a current asset.

    Alice B.
    GQ
    Alice B.

    IN the example above, three advertisements are still to be put in air but the money has been received.

    Morne V.
    ZA
    Morne V.

    Prepaid expense is expense paid in advance but which has not yet been incurred

    Sunday O.
    NG
    Sunday O.

    Recording prepaid

    Odongo M.
    UG
    Odongo M.

    Accounting -> Recording prepaid and accrued revenue and expenses in the general journal and ledger Recording prepaid and accrued revenue and expenses in the general journal and ledger Prepaid expenses In this example, $3000 advertising has been paid on 1 January 2000 for ten advertisements in a magazine. At the end of the accounting period, three months later, only seven advertisements have been placed. The prepaid expense is a current asset. You will have to be able to record in both the general journal and ledger, showing the adjusting, closing and reversing entries. General journal Date Accounts Debit Credit 31 Mar. Prepaid advertising 900 Advertising 900 Advertising paid in advance 31 Mar. Profit and Loss a/c 2 100 Advertising 2 100 Advertising posted to Profit and Loss a/c 1 Apr. Advertising 900 Prepaid advertising 900 Reversing entry In the ledger Advertising 31 Mar. Bank 3 000 31 Mar. Prepaid advertising 900 Profit and Loss a/c 2 100 3 000 3 000 1 Apr. Prepaid advertising 900 Prepaid advertising 31 Mar. Advertising 900 1 Apr. Advertising 900 Profit and Loss account 31 Mar. Advertising 2 100

    Manish K.
    NP
    Manish K.

    Topic is clearly understood.

    Penelope M.
    US
    Penelope M.

    actually, I would not take a prepaid not for the entire advertisement for the whole year, because I don't know what it will bring., It will and actually could be a set back.

    Adil N.
    MA
    Adil N.

    What happens when only a portion of the prepayment is considered as an expense at the end period closing?

    Gloria N.
    AE
    Gloria N.

    The prepaid expense is a current asset.

    Baseli Gloria S.
    BW
    Baseli Gloria S.

    Prepaid expense is expense paid in advance but which has not yet been incurred.

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