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| ID: | 5107 |
| Title: | Prepaid Expenses - http://premium.zersal.com/2008/08/15/prepaid-expenses/ |
| Description: | Prepaid expenses belong on the balance sheet and can encompass costs such as rent, insurance, advertising, and any other cost that normally would be expensed on your income statement but is paid in advance of the period in which it is owed. Prepaid expenses differ from deposits as they will be used up within a specific period (usually within a year) as a deposit could be carried until the end of a contract when ever that might be. For example, prepaid rent would be an upfront prepayment of the yearly rent, but a rental deposit would be tied in with certain contract obligations and not be an actual expense until the end of the contract. |
| Category: | Arts & Humanities: Education |
| Link Owner: | ha@hotmail.com |
| Date Added: | August 18, 2008 07:43:27 AM |
| Number Hits: | 0 |