Prepaid Expenses are expenses that are paid, but some parties that belong to the next accounting period, such as prepaid rent, insurance premiums prepaid and prepaid advertising costs.
Prepaid Expenses are the costs that the Company may have to pay some portion of the next accounting period included as prepaid rent, prepaid insurance premiums and prepaid advertising costs.
Prepaid Expenses is business pay cost, but there are some belong to accounting period further included with rent, such as prepaid insurance premiums and prepaid prepaid advertising