Prepaid Item – Fincyclopedia

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Prepaid Expenses

Expenses that relate to future periods but are paid in the current financial period (i.e., in advance). Examples of prepaid...

Deferred Debit

A cost/ expenditure that has been incurred within a certain accounting period though its corresponding revenue generation has not completed...

Deferred Asset

A cost/ expenditure that has been incurred within a certain accounting period though its corresponding revenue generation has not completed...

Deferred Income Tax Asset

An asset, recorded on the balance sheet of an entity as a prepaid item, representing taxes that have been already...

Prepaid Income Tax

An asset, recorded on the balance sheet of an entity as a prepaid item, representing taxes that have been already...