Answer / nisha tuteja

Pre Paid Expenses or Pre Post Expenses mean expenses of
next year is to be paid in current year means insurance of
building vehicle etc. cover current & next year. So this
year insurance exp. & next year exp. is pre paid exp.

Answer / sajjad1

all expnses which is paid in advance or incured during the
accounting periode but the benefit against these expenses
is not received is know as prepaid expneses.
For Exaple: Prepaid insurance, prepaid rent, prepaid mobile
bill etc

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