Prepaid Expenses As Current Asset

QuickBooks 2009 Student Guide Using Other Accounts In QuickBooks
An Other Current Asset account tracks assets that are likely to be converted to cash or used up within one year. prepaid deposits, reimbursable expenses, and notes receivable (if due within one year). To set up an Other Current Asset account: ... View Full Source

Inventory On The Balance Sheet - Investing For Beginners
Inventory Is Especially Important to Investors When looking at a company's current assets, you need to pay special attention to inventory. Inventory consists of merchandise a business owns but has not sold. ... Read Article

OTHER ASSETS AND LIABILITIES - FDIC: Federal Deposit ...
Prepaid expenses are the costs that are paid for goods and asset (often referred to as current replacement cost). Fair value is determined based on the cost to a market participant (buyer) to acquire or construct a substitute asset ... Retrieve Content

Schedule Of Assets - Classes.ses.wsu.edu - /
Prepaid expenses include expenditures for goods or services which have not yet been received as of the schedule The Non-current Asset Schedule lists the London’s machinery. The Versatile tractor was purchased in May 2002 for $96,000. ... Fetch Here

Advance Payment - Wikipedia, The Free Encyclopedia
It is called a prepaid expense in accrual accounting for the entity issuing the advance. See also. Advance against royalties; Pay or play contract; Current events; Random article; Donate to Wikipedia; Interaction. Help; About Wikipedia; Community portal; Recent changes; Contact Wikipedia; Toolbox. ... Read Article

10/22/04 Chart Of Accounts
Cumulative Gain - Investments Other Current Asset Cumulative gain on investment Pt IV-B/S-Assets: Investments securities Grants Receivable Other Current Asset Grants receivable <Unassigned> Prepaid expenses Other Current Asset <Unassigned> ... Access Doc

Chapter 5: Business Expenses - University Of Oregon
When paid; however, prepaid expenses that benefit future years may have to be capitalized. cost of MI at year-end as an asset, but are permitted to account for their other may deduct all business investigation expenses in the current period, whether or ... Fetch Content

Accrual Accounting Requires Adjusting Entries
Record a variety of expenses that result from allocating prepaid assets over time. Example: Property insurance premiums are paid for an entire year, in advance. When the premium is paid the transaction is recorded as: decrease Cash and increase Prepaid Expense (a current asset). ... Fetch Document

Analyzing A Balance Sheet - Investing Lesson 3
Learning to read a balance sheet is important because it can help you understand the risk involved in a company. The balance sheet shows a company's debt level, net worth, and can help calculate important financial ratios. ... Read Article

The BASICS Of FINANCIAL STATEMENTS For Agricultural Producers
ς