we will take it as a current asset
Prepaid insurance is reported on the balance sheet as a
A prepaid expense is an asset listed on the balance sheet.
Prepaid rent is a rent paid in advance so it is current asset and it will have debit balance as normal balance.
Prepaid Expenses would normally have a debit balance.
Adjustment of accrued expenses means to adjust the previously recorded accruals like prepaid expenses or outstanding liabilities etc.
Prepaid Rent, Prepaid Insurance, and Prepaid Interest... maybe? Check it out on Investopedia.com
debit insurance expense 10000 credit prepaid insurance 10000
Prepaid expenses are shown in current assets under assets portion of balance sheet.
You should have a number or website that you can check your prepaid card balance. It also depends on what prepaid card you have. For example, if you have a Prepaid Visa card, you can opt to have your balance sent to your cell phone or e-mail address. If you don't have a prepaid Visa, then I'd suggest checking the back of your card for a phone number or website you could visit to view your balance. Hope this helps!
give it to me.
No
Yes. It is an asset and assets are on the balance sheet.