Prepaid expenses are expenses paid in advance but not yet incurred. Journal entry involves debiting prepaid expense and crediting cash/bank account.

• Prepaid expenses are recorded as assets on the balan...read more

Expenses Alc dr

to cash/bank Alc

expenses a/c dr

   to cash/ bank a/c

prepaid expenses is salarie ( unless you run payroll in arrears )

Prepaid Expenses dabit to cash or bank