https://wiki.treasurers.org/w/index.php?title=Prepaid_expense&feed=atom&action=history
Prepaid expense - Revision history
2024-03-28T10:50:28Z
Revision history for this page on the wiki
MediaWiki 1.40.0
https://wiki.treasurers.org/w/index.php?title=Prepaid_expense&diff=38031&oldid=prev
imported>Doug Williamson: Add link.
2022-07-14T22:19:44Z
<p>Add link.</p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">← Older revision</td>
<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 22:19, 14 July 2022</td>
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imported>Doug Williamson
https://wiki.treasurers.org/w/index.php?title=Prepaid_expense&diff=38030&oldid=prev
imported>Doug Williamson: Create page. Source: linked pages.
2020-09-16T10:45:38Z
<p>Create page. Source: linked pages.</p>
<p><b>New page</b></p><div>''Financial reporting''.<br />
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An amount paid in advance for a financial benefit, represented by an asset in the organisation's balance sheet.<br />
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<span style="color:#4B0082">'''''Example: Venue hire'''''</span><br />
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We book a venue for a function.<br />
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And pay 50% of the hire fee in advance.<br />
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The 50% paid in advance is an ASSET for us.<br />
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We are going to enjoy the use of the venue in future, but it has already been paid for.<br />
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So the 50% already paid represents a future economic benefit.<br />
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Also known as a ''prepayment''.<br />
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== See also ==<br />
* [[Accrual]]<br />
* [[Accrued expense]]<br />
* [[Accrued income]]<br />
* [[Bookkeeping]]<br />
* [[Capitalisation]]<br />
* [[Deferred income]]<br />
* [[Expenditure]]<br />
* [[Prepayment]]<br />
* [[Prepayments]]<br />
<br />
[[Category:Accounting,_tax_and_regulation]]<br />
[[Category:The_business_context]]</div>
imported>Doug Williamson