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On March 31. 2013, Prepaid Expenses A/c (2012 – 13) Shows a closing balance of Rs. 5,000. It means 
  • a)
    Expenses transferred from previous year for accounting in current year. 
  • b)
    Expenses transferred to next year for accounting in that or future years.
  • c)
    Expenses transferred to next year for accounting in that year only 
  • d)
    Expenses to be transferred to profit & loss A/c of current year. 
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
On March 31. 2013, Prepaid Expenses A/c (2012 – 13)Shows a closi...
The information provided is incomplete. To calculate the prepaid expenses for 2012, we would need additional information such as the amount of prepaid expenses at the beginning of the year and any additional expenses incurred during the year.
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On March 31. 2013, Prepaid Expenses A/c (2012 – 13)Shows a closing balance of Rs. 5,000. It meansa)Expenses transferred from previous year for accounting in current year.b)Expenses transferred to next year for accounting in that or future years.c)Expenses transferred to next year for accounting in that year onlyd)Expenses to be transferred to profit & loss A/c of current year.Correct answer is option 'A'. Can you explain this answer?
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On March 31. 2013, Prepaid Expenses A/c (2012 – 13)Shows a closing balance of Rs. 5,000. It meansa)Expenses transferred from previous year for accounting in current year.b)Expenses transferred to next year for accounting in that or future years.c)Expenses transferred to next year for accounting in that year onlyd)Expenses to be transferred to profit & loss A/c of current year.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about On March 31. 2013, Prepaid Expenses A/c (2012 – 13)Shows a closing balance of Rs. 5,000. It meansa)Expenses transferred from previous year for accounting in current year.b)Expenses transferred to next year for accounting in that or future years.c)Expenses transferred to next year for accounting in that year onlyd)Expenses to be transferred to profit & loss A/c of current year.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On March 31. 2013, Prepaid Expenses A/c (2012 – 13)Shows a closing balance of Rs. 5,000. It meansa)Expenses transferred from previous year for accounting in current year.b)Expenses transferred to next year for accounting in that or future years.c)Expenses transferred to next year for accounting in that year onlyd)Expenses to be transferred to profit & loss A/c of current year.Correct answer is option 'A'. Can you explain this answer?.
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