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Prepaid expenses are shown under____________
  • a)
    Inventories
  • b)
    Cash Equivalents
  • c)
    Other current assets
  • d)
    None of these
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Prepaid expenses are shown under____________a)Inventoriesb)Cash Equiva...
Prepaid expenses are those expenses which paid in advance by the firm. These expenses are shown under other current assets.
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Prepaid expenses are shown under____________a)Inventoriesb)Cash Equivalentsc)Other current assetsd)None of theseCorrect answer is option 'C'. Can you explain this answer?
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