App Logo

No.1 PSC Learning App

1M+ Downloads
Expenses paid in advance appears on the ......... of the Balance sheet.

ALiability side

BAsset side

CBoth assets and liability side

DFoot note

Answer:

B. Asset side


Related Questions:

Credit Sale of an asset should be firstly entered in
A bill endorsed or delivered to a person with the understanding that it will be paid only if certain conditions are fulfilled is known as :
The Receipt and Payment account is a ......... account.
The difference in figures is ................ and causes for their existence are brought to light.
A share of Rs. 10 each on which Rs. 8 has been called and Rs. 6 is paid is forfeited. The capital account should be debited with: