What is the definition of a Prepaid Expenses
- Posted on November 21, 2019
- Financial Terms
- By admin admin
Prepaid Expenses are an accounting concept that refers to an asset that has been paid for, but the full benefit has not yet been received. The company makes a one-off payment for the asset, but receives the full value of it over time. Prepaid Expenses are found on the Balance Sheet of a company, either with its own section or under Other Current Assets.
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