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What are prepaid expenses? Give four examples.?What are prepaid expenses? Give four examples.?

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Accounting

What are prepaid expenses? Give four examples.?

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Meaning A Prepaid expense represents an amount that we have paid for the benefit Goods or services to be received in future These benefits could be in the form of anything like goods or a services A prepaid expense is classified as an asset under accrual basis of accounting as we are paying for the future benefits that we are going to receive or    See Answer
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In: AccountingWhat are prepaid expenses? Give four examples.?What are prepaid expenses? Give four examples.?

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