Prepaid expenses, Accounting Standards

Prepaid Expenses

In many conditions, like a custom, some of the item of expenses is generally paid in advance such as rent, taxes, insurance and subscriptions. The rationale of comprising these prepayments like current assets is such that if these prepayments were not formed they would need use of cash during the period.

Posted Date: 4/3/2013 6:35:57 AM | Location : United States







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