Prepaid Expenses appear in a Company rsquo s Balance Sheet under the Sub head hellip hellip hellip h...........

General Accounting Principles Company Final Accounts

Download Solution PDF

Prepaid Expenses appear in a Company’s Balance Sheet under the Sub-head ………………

Other Current Assets

Tangible assets

Intangible Assets

Other Non-Current Assets

छोटे Courses बड़े Results

Master Company Final Accounts

Prepare through Micro-courses

Try Now

Explanation:

Prepaid expenses are the expenses that have been paid in advance before they are even due for payment. An obligation that is met in advance is an asset for the company, Hence, any advance payment will appear on the assets side of the balance sheet. thses are shown under sub head other current assets in a Company’s Balance Sheet.