Prepaid expense would appear on which financial statement? A.Owner's Equity Statement B.Income Statement C.Balance Sheet D.None...
Prepaid expense would appear on which financial statement?
A.Owner's Equity Statement
B.Income Statement
C.Balance Sheet
D.None of the above answers are correct.
Homework Answers
Answer: Option ( C ) Balance Sheet
Explanation:
Prepaid expense are current asset so it posted on assets side of the Balance sheet. Preaid expense mean the expenses which are paid in advance in a year as such expenses are in accrued state it's treated as asset.
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Prepaid expense would appear on which financial statement?
A.Owner's Equity Statement
B.Income Statement
C.Balance Sheet
D.None...
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Match the account to which financial statement it would
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( not sure if my answers are correct)
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