what is the treatment of prepaid expenses in realisation account
Dear student
Prepaid expenses are debited to Realisation A/c at the time dissolution.
E.g. Prepaid Insurance is an asset. Hence, debited to Realisation A/c at the time dissolution.
For more such doubts ,do write us back.
Regards
Prepaid expenses are debited to Realisation A/c at the time dissolution.
E.g. Prepaid Insurance is an asset. Hence, debited to Realisation A/c at the time dissolution.
For more such doubts ,do write us back.
Regards