Yes any expense paid in advance is current assets as the benefit of that amount is required to be taken in future.
Current Asset
Prepaid insurance is that amount which is paid in advance for future insurance so until actual insurance facility is availed by company it is an asset of company and if it is for short term or will be availed in current fiscal year then it is current asset otherwise a fixed asset, if some portion is usable in current fiscal year then only that portion will be current asset and remaining will be fixed asset.
No, if Insurance premium is paid in advance then it is a Prepayment - current asset.
Current asset
Prepaid insurance is personal nature of account and amount in it is shown as current asset in balance sheet.
Current Asset
Prepaid insurance is that amount which is paid in advance for future insurance so until actual insurance facility is availed by company it is an asset of company and if it is for short term or will be availed in current fiscal year then it is current asset otherwise a fixed asset, if some portion is usable in current fiscal year then only that portion will be current asset and remaining will be fixed asset.
yes, it is
No, if Insurance premium is paid in advance then it is a Prepayment - current asset.
Current asset
Prepaid insurance is personal nature of account and amount in it is shown as current asset in balance sheet.
Current asset.
non current asset
Current Asset
Prepaid insurance is that amount which is paid in advance and no benefit has taken yet that's why it is current asset for business.
non-current assets.
non current