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Prepaid expenses is a real account …

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Prepaid expenses is a real account if then how And contact me

    • Posted by Mr. Ãmåñ Kûmâr Jhå 6 years, 10 months ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    Sakshi Sharma??️??️ 6 years, 10 months ago

    When a prefix or suffix is added to a nominal a/c , it becomes personal a/c . Here, expenses is a nominal a/c but prepaid expenses is a personal a/c because it is the account of some unnamed person.

    2Thank You

    Sakshi Sharma??️??️ 6 years, 10 months ago

    No , it's a type of personal account (REPRESENTATIVE PERSONAL)

    1Thank You

    Lunatic .. 6 years, 10 months ago

    It is real account because prepaid expense is considered as an asset for business

    0Thank You

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