R2R RECORD TO REPORT - CONFUSION - CAN YOU RECORD A PREPAID WITHOUT PAYING? UNPAID PREPAYMENT

[@rajansingh9353]

Pl add video on POCM and AOP working

[@DivyaAS00]

Sir will this prepayment get set off against accounts payable and only net amount will be shown in BS? Or should we show full 12L liability and then 11L as separate prepaid asset… because that wont give true and fair view right

[@AccountsGurukul]

Yes you are right. Thanks a lot.