How to Account for Prepaid Expenses: Revision history

21 March 2023

• curprev 08:0808:08, 21 March 2023 Lukegao1 talk contribs 1,694 bytes +1,694 创建页面，内容为“ Prepaid expenses refer to expenses that have been paid in advance, but the benefits of those expenses are expected to be received in future accounting periods. Prepaid expenses are considered assets on a company's balance sheet, as they represent an amount that has been paid but has not yet been used. Here are the steps to account for prepaid expenses: 1. Determine the amount of the prepaid expense: The amount of the prepaid expense should be determined base…”