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Receivables Financial Accounting

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Winnie Grace Vio

Very Informative 2025-05-12

mujibullah omari

good lectures but very short and less practical , at least there should be more examples with different text scenario, it would be very helpful though thanks for delivering lectures 2025-01-14

Lance P. Del Rosario

Absolutely Great! Thank you for sharing the knowledge 2024-11-30

Dr.Ghvs Sarma

Interesting 2024-02-20

P Pasupathy

Good session 2024-01-12

Mohamed Mushraf

Best tutor !! 2023-12-10

Itukiseng Maidi Malatse

Educational 2023-11-24

Taimoor Ul Islam

teacher is very good 2023-11-21

Noshin John Palal

Good contents 2023-11-05

IV

BEST 2023-11-03

Naruto Gaming (Cian Naruto)

Salamat po. 2023-06-21

Yogesh HK

Really good 2023-06-13

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Course Description

Prepaid expenses is the money set aside for goods or services before you receive delivery. Other current assets are cash and equivalents, accounts receivable, notes receivable, and inventory.Do prepaid expenses convert to cash? Prepaid expenses are initially recorded as assets, but their value is expensed over time onto the income statement. Unlike conventional expenses, the business will receive something of value from the prepaid expense over the course of several accounting periods.Are prepaid expenses Accounts payable? Prepaid expenses refer to advance payments for business expenses, while debts owed by a company in the course of its trade are called accounts payable. Each transaction is completely different from the other, but each has a direct effect on the movement of money into or out of a business.Is prepaid rent accounts receivable? Definition of Rent Receivable Prepaid rent typically represents multiple rent payments, while rent expense is a single rent payment. So, a prepaid account will always be represented on the balance sheet as an asset or a liability. When the prepaid is reduced, the expense is recorded on the income statement.
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