A

Admin • 833.24K Points
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Q. Prepaid expenses are classified under:

  • (A) Liabilities
  • (B) Revenue
  • (C) Current Assets
  • (D) Equity
  • Correct Answer - Option(C)
  • Views: 23
  • Filed under category Accounting
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Explanation by: Admin

Prepaid expenses represent future economic benefits and are treated as current assets.

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