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Web prepaid expenses, classified as current assets, are recorded in the prepaid asset account on the balance sheet. Web prepaid expenses represent expenditures that have not yet been recorded by a company as an expense, but have been. Prepaid expenses are payments made in advance for a product or service to be used at a later date. Web how to.
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Prepaid expenses are payments made in advance for a product or service to be used at a later date. Web prepaid expenses represent expenditures that have not yet been recorded by a company as an expense, but have been. Web prepaid expenses and accrued expenses are the two categories of expenses that constitute expenses paid over (or under). Web how.
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