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 accounting period as when the asse...
百度试题 题目An expense paid in advance is known as an .相关知识点: 试题来源: 解析 prepaid expense 反馈 收藏
青云英语翻译 请在下面的文本框内输入文字,然后点击开始翻译按钮进行翻译,如果您看不到结果,请重新翻译!This is referred to as an expense prepaid选择语言:从 到 翻译结果1翻译结果2 翻译结果3翻译结果4翻译结果5 翻译结果1复制译文编辑译文朗读译文返回顶部 这个被称为待摊费用 翻译结果2复制译文编辑译文朗读...
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...
Bill would expense the prepaid insurance by debiting insurance expense and crediting prepaid insurance account for $100. As you can see, Bill records theexpensesas he actually uses the insurance. By the end of his six-month policy, all of the prepaid account will be expensed and Bill will ...
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
A prepaid expense (also known as prepayment) is a payment made in advance for an expense that hasn’t occurred yet. But what does it mean for an expense to occur? On the accrualbasis of accounting, expenses get recognized when they are used, consumed, utilized, or have expired, not when...
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...
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...
C is incorrect because when an expense is both incurred and paid, it is neither an accrual nor a deferral, and requires no adjustment.D is incorrect because an expense paid but not incurred is a prepaid expense, not an accrued expense. 统计:共计11人答过,平均正确率90.90% 问题:进入高顿...