Loading
Precedente Previous slide Next slide Successivo
New course

Questo corso è stato rivisto!

Per un'esperienza di apprendimento più piacevole, ti consigliamo di studiare la versione ripubblicata di questo corso per cellulari.

Portatemi al corso rivisto.

- or -

Continue studying this course

Prepagato e Spese maturate

  • Note di Apprendimento
  • Revisione degli argomenti
    Tashika B.
    US
    Tashika B.

    no questions.

    BabaJide Martins F.
    TR
    BabaJide Martins F.

    The prepaid advertising expense is a current asset that gives the detail of the expenses and the balance.

    Alice B.
    GQ
    Alice B.

    The amount debited must be equal to the amount credited, this ensures that the account equation is maintained.

    Morne V.
    ZA
    Morne V.

    Prepaid expense is expense paid in advance but which has not yet been incurred. Expense must be recorded in the accounting period in which it is incurred.

    Sunday O.
    NG
    Sunday O.

    wow interesting

    Odongo M.
    UG
    Odongo M.

    Accounting -> Topics -> Prepaid and accrued expenses Prepaid and accrued expenses Prepaid expenses In this example $3000 advertising has been paid on 1 January 1999 for ten advertisements in a magazine. At the end of the accounting period, three months later, only seven advertisements have been placed. The prepaid advertising expense is a current asset. You will need to be able to record in both the general journal and ledger, showing the adjusting and closing entries. General journal Date Accounts Debit Credit 1 Jan. Prepaid advertising expense 3 000 Bank 3 000 Advertising prepaid 31 Mar. Advertising expense 2 100 Prepaid advertising expense 2 100 Adjusting entry for advertising used 31 Mar. Profit and Loss a/c 2 100 Advertising 2 100 Advertising posted to Profit and Loss a/c In the Ledger Prepaid advertising 1 Jan. Bank 3 000 31 Mar. Prepaid advertising 2 100 Balance 900 3 000 3 000 1 Apr. Balance 900 Advertising expense 31 Mar. Prepaid advertising 2 100 31 Mar. Profit and Loss summary a/c 2 100 Profit and Loss Account 31 Mar. Advertising expense 2 100

    Nana Amankwah K.
    GH
    Nana Amankwah K.

    Prepaid expense are accrued in advance even before the season starts

    Manish K.
    NP
    Manish K.

    Information is good enough.

    Davidson Ade O.
    NG
    Davidson Ade O.

    understood

    Penelope M.
    US
    Penelope M.

    take not it says prepaid.

Notification

You have received a new notification

Click here to view them all