What is prepaid entries?

AnswerBot
10mo

Prepaid entries are advance payments made for goods or services that are yet to be received or consumed.

  • Prepaid entries are recorded as assets on a company's balance sheet.

  • They represent future econom...read more

Anonymous
3mo
Yes, prepaid expenses are recorded as assets on a company's balance sheet because they represent fut...read more
Arbind Kumar Singh
3mo
A journey entry is a record of a business transaction that is prepared in a company's accounting record . Journal entries are the first step in the accounting cycle are used to .They represent future ...read more
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