Show the treatment of prepaid expenses depreciation, closing stock at the time of preparation of final accounts
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Show the treatment of prepaid expenses depreciation, closing stock at the time of preparation of final accounts when:
(a) When given inside the trial balance?
(b) When given outside the trial balance?
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Answer a Prepaid Expenses If prepaid expenses are given inside the trial balance they are already accounted for in the financial statements Prepaid ex...View the full answer
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