Company Final Accounts

Accountancy (Phase -I & II)

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

Other Current Assets

Tangible assets

Intangible Assets

Other Non-Current Assets

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.

By: Subhash Singh

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