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Advanced to employees 5k again s April of next financial year paid in c. Y. March it is asset or expanse

Accountancy

Sir

Karan Yadav

CA Inter

★ 10

24-Apr-23 19:24

329

Answers (3)

Best Answer

It is a prepaid expense and it will shown as asset in the balance sheet

Sumayya S B

CA Final

★ 7K+

24-Apr-23 20:04

Asset future economic benefits then it is asset

R K

ACCA Skill

★ 9K+

24-Apr-23 19:27

Always remember

R K

ACCA Skill

★ 9K+

24-Apr-23 19:27