Prepaid accounts are advance payments made by a customer for goods or services that will be delivered or performed in the future.

• Prepaid accounts are recorded as a current asset on the balance sheet.

• J...read more

Left side text in the Microsoft office

A prepaid account is a type of financial product that allows users to store the money in an account without to go through the usaual bank process

Prepaid account is a transaction records

Journal entry isa debit or credit and prepaid expenses account

A prepaid expenses journal entry is a transaction recorded in the accounting books to recognize an expense that has paid in advance. The journal entry debits the prepaid expense account and credits th...read more

Any prepaid expense are made in advance for a goods or services under the prepaid account. Entry- debit the prepaid expense accounts and credit to the cash account.

Prepaid accounts are advance payments made by a customer for goods or services that will be delivered or performed in the future.

• Prepaid accounts are recorded as a current asset on the balance sheet.

• J...read more

Prepaid accounts are accounted in advance, they are in the form of assets, so any transaction occurred in the nature of prepaid accounts shall be debited. For eg: any expenditure paid in advance, whic...read more

A prepaid expense is an expense that is paid in advance and its benefits is yet to received ..

A prepaid expense is an advance payment of expense before its benefits is yet to be received.

When their is a payment that represents a prepayment of an expense a prepaid account such as prepaid insurance, is debited and cash account is credited. This records the prepayment as an asset on the ...read more

A prepaid expense is an asset on a balance sheet that results from a business making advanced payments for goods or services to be received

A prepaid expense is an asset on a balance sheet that results from a business making advanced payments for goods or services to be received

A stored procedure in database which automatically invokes whenever a special event in the database occurs.

A prepaid expense journal entry is a transaction recorded in the accounting books to recognise an expense that has been paid in advance. The journal entry debits the prepaid expense account and credit...read more

Prepaid rent A/c Dr

To BANK A/c cr

Amount paid in advance services yet to be Received

Prepaid expenses are future expenses that are paid in advance and hence recognized initially as an asset. The most common Prepayments Insurance & Rent. Journal entry : debit the insurance expense acco...read more