Prepayment risk and Prepayments: Difference between pages
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''Accounting''. | |||
Amounts owing to the business as a result of paying in advance for services. | |||
A prepayment is a form of asset, because it represents benefits (in the form of valuable services) that the business is entitled to receive in the future, in consideration for cash that the business has already paid out. | |||
== See also == | == See also == | ||
* [[ | * [[Accrual]] | ||
Revision as of 14:20, 23 October 2012
Accounting. Amounts owing to the business as a result of paying in advance for services.
A prepayment is a form of asset, because it represents benefits (in the form of valuable services) that the business is entitled to receive in the future, in consideration for cash that the business has already paid out.
See also
