Prepaid electricity meters allow users to pay for power before consumption. 3 Postpaid Can offer better rates for extensive use. Postpaid plans may offer unlimited data at a fixed monthly rate. 1 Prepaid To pay or pay for beforehand. Postpaid With the postage having been paid in advance. Prepa...
Utilities:In some cases, companies might pay utility bills, such as electricity, water, or internet services, in advance. These prepaid utility expenses are recorded as assets and recognized as expenses over the usage period. Maintenance Contracts:Businesses often enter into contracts for routine main...