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Try going to www.verizonwireless.com and create an account using the 10 digit phone number assigned to you by them. Once the account is created you can log in to check your balance with them. You can also dial #225 from your Verizon phone and it will tell you the balance over the phone. There may be a charge for dialing #225 so be aware of that.
What else can I help you with?
Is Prepaid expenses considered a nominal account?
Yes, prepaid expenses should be a nominal account. Prepaid expenses are not assigned to a particular organization, but rather a category.
List Prepaid expenses on balance sheet?
Prepaid Rent, Prepaid Insurance, and Prepaid Interest... maybe? Check it out on Investopedia.com
A balance of a prepaid expence account is normally DEBIT OR CREdit?
Prepaid Expenses would normally have a debit balance.
Are prepaid expenses a nominal account?
Prepaid expenses are the part of nominal account expenses which are not used during the current accounting period. They cannot be charged to profit and loss account as per matching concept. They find place in balance sheet and written off in the next accounting period.
What is a prepaid expense account called?
A prepaid expense account is typically referred to as a "prepaid expense" or "prepaid asset." This account represents payments made in advance for goods or services that will be received in the future. As the benefits of these expenses are realized over time, they are gradually expensed on the income statement.
Journal entry for prepaid expenses?
1.Intial Step when we pay the prepaid Expenses Prepaid Expenses A/c DR Bank A/C CR 2.Later on adjustment in our books Expenses A/c DR Prepaid Expenses A/C CR
Are prepaid expenses an asset liability or equity?
NO! Prepaid expenses are assets!!
Which type of account is prepaid expenses?
Prepaid expense is personal account in nature and default normal balance is debit balance and shown under current asset in asset side of balance sheet.
What is prepaid expense?
A prepaid expense is an account that a business might have to pay the traveling expenses of salesmen. The salesmen are given a certain amount for travel each week or month that can be used for meals and hotels and other travel expenses.
Journal entry of prepaid expenses?
these are those expenses which have been paid in advance. it means that these expenses,though not related to the current year,have been included in the expenses of current year. so in order to show a true and fair view,we have to deduct such prepaid expenses from the original expenditure as they are belonging to the next year. the entry is (for example) prepaid insurance dr to insurance a/c cr
Is prepaid expenses nominal or personal account?
Prepaid expenses are classified as personal accounts. They represent future expenses that a company has already paid for, and thus they reflect amounts owed to the entity providing the service or product. In accounting, they are recorded as assets on the balance sheet until they are utilized, at which point they are expensed.
Does a decrease in prepaid expense increase or decrease cash flow?
Decrease in prepaid expenses increases the cash flow because if there is no prepaid expenses already in balance sheet then cash has to be paid to fulfill expenses but as there are prepaid expenses and company save cash that;s why it increases the cash flow.
