Why prepaid expenses are considered as Current assets? Post category:Accountancy Reading time:1 mins read SOLUTION They are treated as Current assets because if the expenditure for such expenses had not been incurred, cash would have to be spent in the near future. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhy inventory is excluded from liquid assets? Next PostWhy prepaid expenses are not considered as liquid assets? You Might Also Like Why would an investor prefer to invest in the Debentures of a Company rather than in its Shares? September 29, 2022 A, B and C are partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Their Balance Sheet as at 31st March, 2019 is: August 4, 2022 List any two items that need adjustments in books of account of a firm at the time of admission of a partner. (A1 2014 C) October 8, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Why would an investor prefer to invest in the Debentures of a Company rather than in its Shares? September 29, 2022
A, B and C are partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Their Balance Sheet as at 31st March, 2019 is: August 4, 2022
List any two items that need adjustments in books of account of a firm at the time of admission of a partner. (A1 2014 C) October 8, 2022