Do you agree or disagree on this article box, Give couple reasons to support in...
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Accounting
Do you agree or disagree on this article box, Give couple reasons to support in your words? Prepaid expenses are the expenses that are paid before using the goods or services. It is written down as assets on the balance sheet. After the goods or services are used or start being used they can be written down as expenses. Similarly, unearned revenues are the money that the company receives before providing the buyer with goods or services. On the balance sheet, it is written as current liabilities, but as soon as the requested service is provided, it can be written as income
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