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Prepaid and Accrued Expenses

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    FAISAL A.
    YE
    FAISAL A.

    Is there any difference between liability and debt

    Gabriel O.
    ML
    Gabriel O.

    Prepaid and accrued expenses are expenses incured for fucture purposes which has been paid for in advance . we can state as well,that prepaid expenses are expenses that have been paid but have not yet been used up or yet to expired.Amount paid but have not been used is a current assets for an organisation but when used it reflects on the org

    Wendy C.
    AU
    Wendy C.

    The prepaid expenses is a current asset and are recorded as such.

    Samuel F.
    ZA
    Samuel F.

    What is the difference between liability and debt?

    Harrison A.
    AT
    Harrison A.

    Prepaid and accrued expenses are expenses incured for fucture purposes which has been paid for in advance . we can state as well,that prepaid expenses are expenses that have been paid but have not yet been used up or yet to expired.Amount paid but have not been used is a current assets for an organisation but when used it reflects on the org assets.

    Harrison A.
    AT
    Harrison A.

    Why do firms engage in prepaid expenses ?

    Zachary B.
    US
    Zachary B.

    What are prepaid and accrued expenses?

    Diamond T.
    US
    Diamond T.

    What is the difference between liability and debt?

    Diamond T.
    US
    Diamond T.

    What is the difference between liability and debt?

    Diamond T.
    US
    Diamond T.

    What is the difference between liability and debt?

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