An amount of Rs. 68,000 was paid on 3/3/17 for advertisement in a newspaper. Thiswas published in the news paper on 3/4/17. This expenditure will be shown as______

Question

Examsnet · Accepted Answer

Correct Answer is : Prepaid expenses on the assets side of balance sheet on 31/3/17

CA CPT Jun 2017 Question Paper Fundamentals of Accounting for online practice