Do prepaid salaries come under trading account or profit and loss account or balance sheet?

Prepaid is an asset account so it goes to balance sheet but at month end you need to expense it in profit & loss

PREPAID SALARY COME UNDER ONLY BALANCE SHEET NO NEED TO SHOW OR ADD THE P&L A/C NO NEED TO AFFECT CURRENT YEAR PROFITS

PREPAID SALARY/EXP           Dr.

EXP.PAYABLE /SUNDRY Cr      Cr.

IT SOULD COME IN THE BALANCE SHEET

We can treat as a current asset under balance sheet.

It will shown only in balance sheet under the head Current Asset

Prepaid Salaries are part of Administrative expense therefore non operating expense. This is shown as a Current Asset account in the Balance Sheet.

Prepaid Salary is an asset, hence it should be classified as current assets on assets side of Balance Sheet

it comes under current assets in balance sheet.