A prepaid expense / cost is expenditure on goods and services that have been paid, but that will not be used / consumed during the period. Payment can be seen as an advance payment for goods and services. When goods or services are not used / consumed, not the cost be included in the current period, but must be addressed during the period when those […]
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Posts tagged with 'prepaid expenses'
Interimspost – Interimsposter
An interim post / accruals is a generic name for an interim receivable / accrued receivables and an interim debt / interim liabilities. An interim receivable / accrued receivables is a collective name for the account group 17 prepaid expenses and accrued income. An interim debt / interim debt is a collective name for the account group 29 accrued expenses and deferred income.
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