Outstanding expenses - class-XI
Description: outstanding expenses | |
Number of Questions: 31 | |
Created by: Divya Kade | |
Tags: final accounts of sole proprietors - 2 financial statements accountancy final accounts with adjustments final accounts of a proprietary concern adjustments in preparation of financial statements elements of accounts book keeping and accountancy adjustments financial statements - ii financial statements of business organisations |
Unemployment due to mechanization of agriculture is ___________.
Bonus under Halsey plan is paid ____________.
Which of the following items will have a debit balance?
Which of the following stock exchange is derecognized by SEBI on 19.11.2014 on the allegations of serious irregularities in its functioning?
The amount of prepaid expense is ________ from the total of the particular expense.
Discuss the effect of the following transaction:
Expenses which are paid in advance is termed as _____.
'Subscriptions collected in advance by a publisher' should be classified as _________________.
Outstanding and prepaid expenses and incomes are taken into account in determining profit or loss under _________________.
When item is shown on the debit side of a trial balance?
'A three years premium paid on a fire insurance policy' should be classified as _______________.
Expenses Paid in advance are called ________.
Ascertain the amount of prepaid expense if insurance of Rs. 10000 paid for one year ending on 30.06.2018 and firm closes the books on 31.03.2018.
Prepaid expenses is shown under ___________ side of balance side.
Amount of prepaid expense is _______ from particular expense.
Income received in advance is _______.
Rent prepaid a/c appearing in the trial balance is ___________.
A club paid subscription fees of Rs. 1,400, out of which Rs. 200 is prepaid. In such case _________________.
Prepaid insurance has an opening balance of Rs. 2,300. During the period, insurance of Rs. 1,200 expired. The adjusting entry would contain a credit _____________.
If prepaid rent appears in trial balance, while preparing the final accounts it will be shown in.
A prepayment of insurance premium will appear in the Balance Sheet and in the Insurance Account respectively as.
The adjustment to be made for prepaid expenses is?
While preparing final account, to adjust prepaid expenses which of the following adjustment entry will be passed?
Prepaid Expenses A/cTo Expenses A/c | Dr. |
---|---|
Outstanding Expenses A/cTo Prepaid Expenses A/c | Dr. |
Prepaid Expenses A/cTo Outstanding Expenses A/c | Dr. |
Prepaid Expenses A/cTo Profit & Loss A/c | Dr. |
Prepaid expenses are valued on the Balance Sheet at.
If the insurance premium paid is Rs. $1,000$ and prepaid insurance is Rs. $300$, the amount of insurance premium shown in Profit & Loss A/c will be.
In case of unexpired entry following entry should be made ______________.
Insurance paid in advance would be treated in the Balance sheet as _________________.
If the insurance Rs.premium paid is Rs.$1,000$ and prepaid insurance is Rs.$300$, the amount of Insurance premium shown in profit and loss account will be _____________.
Prepaid Insurance is an example of __________.
Prepaid Expense of Financial Year related with ___________.
What will be the treatment of prepaid expenses if adjustment of it is appearing outside the trial Balance?