Expense paid in advance or Prepaid Expense - Journal Entry Class 11th 👆✍️

Expense paid in advance or Prepaid Expense - Journal Entry Class 11th
@NanakAccountsCoaching
#youtubeshorts #expense #account #journalentry #adjustment #class11th #prepaid

[@pushpakunwar209]

I am literaly confused wether to credit cash or salary

[@NanakAccountsCoaching]

Salary will b credit in journal entry ....because this is an adjustment entry....

[@pushpakunwar209]

Respected ma'am but some teachers credit the cash in journal

[@NanakAccountsCoaching]

In accounting equation we subtract from cash column but in journal entry we take the name of that expense in credit side.

[@keeratsingh9129]

ma'am prepaid exp realisation account mein pay hoga kya

[@NanakAccountsCoaching]

Prepaid expenses current asset hoti hai .....ye toh already pay ho chuka hai ..pre paid..means already paid...toh ye realisation account mein transfer hoga Debit side mein....

[@keeratsingh9129]

@@NanakAccountsCoaching ok ma'am

[@Kalasu123]

Mam is entry m cash to gya hi ni

[@NanakAccountsCoaching]

This is the adjustment entry...
Jab journal entry krne k liye aati hai and prepaid bola ho toh cash ki jagha uss expenses ka name aata hai

[@Kalasu123]

Lekin iss prepared salry ki entry se phele apne cash to pay kiya hi hoga n advance vala jiske liye apne y entry ki hogi
Dr salary
Cr cash

[@Kalasu123]

Or jase aap bta rhe ho asi entry tbb hogi
Ager apne phle koi sallary ki entry dali ho or usime hi glti se prepared sallary ka amt dal diya ho

[@NanakAccountsCoaching]

Prepaid salary,outstanding exp,Accrued income ye sab aapki adjustment entries hoti hai toh inki journal entry krte time yahi dekha jata hai ki Asset hai ya phir liability then hum ussi k according entry pass krte hai

[@Kalasu123]

Mam aap what sap no dw skte ho apna ek bhut hi important nomerical smj nhi aa rha h

[@NanakAccountsCoaching]

[e-mail]
Is mail Id par send karo mein aapko solution send karungi

[@Kalasu123]

First entry y hogi mam
Prepared sallary ac Dr
To cash ac
Orr jbb us sallary ki servise mill jaegi tbb y hogi
Salary ac Dr
To prepared sallary ac

[@Kalasu123]

Bat to ek hi h mam jase aap bol rhe ho y mee

[@NanakAccountsCoaching]

Aapke according toh entry ka meaning hai ki aapne salary pay ki hai...bcoz prepaid salary jitne se debit hui utne se hi credit ho gai ...ye prepaid salary adjustment entry hai toh journal entry mein prepaid salary dr and salary a/c credit hoga