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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