Show the treatment of prepaid expenses depreciation, closing stock at the time of preparation of final accounts

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Show the treatment of prepaid expenses depreciation, closing stock at the time of preparation of final accounts when:

(a) When given inside the trial balance?

(b) When given outside the trial balance?

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Accountancy Financial Accounting Part 2 For Class 11

ISBN: 9788174505323

1st Edition

Authors: NCERT

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Question Posted: Feb 16, 2024 12:00 PM

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Show the treatment of prepaid expenses depreciation, closing stock at the time of preparation of final accounts

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Answer a Prepaid Expenses If prepaid expenses are given inside the trial balance they are already accounted for in the financial statements Prepaid ex...View the full answer

Accountancy Financial Accounting Part 2 For Class 11

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