县属命品主越此油Prepaid expenses are an example of an expense.县属命品主越此油A. 县属命品主越此油县属命品主越此油错误县属
Definition of Deferred Expense and Prepaid Expense Deferred expense and prepaid expense both refer to a payment that was made, but due to the matching principle, the amount will not become an expense until one or more future accounting periods. Most of these payments will be recorded as assets...
The adjusting journal entry for a prepaid expense, however, does affect both a company’s income statement and balance sheet. Refer to the first example of prepaid rent. The adjusting entry on January 31 would result in an expense of $10,000 (rent expense) and a decrease in assets of $1...
Item 1: This item is a prepaid expenses and not properly recorded.Half of this expenses should be charged to the repair and maintenance account in the current year, half of this expenses should be deferred to next year.Item 2: This item is properly charged the account, because that is for...
An asset created by prepayment of an expense is___.? recorded as a credit to an unearned revenue accountrecorded as a debit to an unearned revenue accountrecorded as a credit to a prepaid expense accountrecorded as a debit to a prepaid expense account相关知识点: 试题...
百度试题 结果1 题目An insurance policy paid in advance of the time period covered is an example of a___.相关知识点: 试题来源: 解析 prepaid expense 反馈 收藏
What is a Prepaid Expense? A prepaid expense refers to future expenses that are paid in advance. The prepaid expense begins as an asset on the balance sheet. Then, over time, as the asset provides its value, it gets recorded as an expense (on the income statement) during the same acco...
百度试题 结果1 题目An adjusting entry could be made for each of the following except: A. Prepaid expenses. B. Depreciation. C. Owner withdrawals. D. Unearned revenues. E. Accrued revenues. 相关知识点: 试题来源: 解析 A. B. D. E.反馈 收藏 ...
Definition:A prepaid expense is the prepayment of services before they are received. In other words, it’s a resource that is paid for in advance of actually receiving the resource. What Does Prepaid Expenses Mean? Contents[show] Since the matching principles requires that all expenses be matche...
A. Supplies Expense B. Prepaid Insurance C. Interest Revenue D. Dividends 相关知识点: 试题来源: 解析 B 正确答案:B 解析:答案为B项。会计期末结账时,通常要将收入、支出和股息红利等临时性账户的余额通过结账分录(closing entry)转入留存收益账户(Retained Earnings Account)。而预付保险费属于资产类,是永久...