Accounting for prepaid

AnswerBot
8mo

Prepaid expenses are costs that have been paid in advance but have not yet been incurred.

  • Prepaid expenses are recorded as assets on the balance sheet until they are used up or expire.

  • Common examples o...read more

Anonymous
6mo
Prepaid expenses represent expenditures that have not yet been recorded by a company as an expense, but have been paid for in advance. In other words, prepaid expenses are expenditures paid in one acc...read more
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