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CA CPT 2013 Dec Question Paper Fundamentals of Accounting for online practice

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Question : 32

Total: 60

On 31-3-13, prepaid expenses A/c (2012-13) shows a closing balance of Rs.5,000. It means:

Expenses transferred from previous years for Accounting in current year
Expenses transferred to next year for Accounting in that year only
Expenses transferred to next year for accounting in that (or) future year
Expenses to be transferred to P & L A/c of current year.

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