An asset
Prepaid insurance is reported on the balance sheet as a
A prepaid expense is an asset listed on the balance sheet.
Yes. It is an asset and assets are on the balance sheet.
Assets
Prepaid Rent, Prepaid Insurance, and Prepaid Interest... maybe? Check it out on Investopedia.com
Prepaid insurance is reported on the balance sheet as a
A prepaid expense is an asset listed on the balance sheet.
Yes. It is an asset and assets are on the balance sheet.
Prepaid expenses are shown in current assets under assets portion of balance sheet.
No
balance sheet
Assets
Prepaid Rent, Prepaid Insurance, and Prepaid Interest... maybe? Check it out on Investopedia.com
in assets side of the balance sheet
Prepaid Expenses:These are expenses for which company has paid in advance but the benefits has not yet received that's why it is an asset of company and shown under current assets in balance sheetPrepaid Revenues or unearned revenues:These are revenues for which company has already received the payment from clients but services or products has not yet supplied so it is a liability of company and shown under current liability section of balance sheet.
Prepaid expense is that amount of expense which is paid in advance and expense is not actually incurred and prepaid expense is current assets of business and show under assets side of balances heet.
Assets and liabilities are reported on a balance sheet