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?What is the difference between prepaid exp. & accrued exp

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تم إضافة السؤال من قبل ahmed nabil , Lecturer in the special status , Registration books
تاريخ النشر: 2014/03/16
مستخدم محذوف‎
من قبل مستخدم محذوف‎

accrud exp  is re;ated to the period

prepaid is related to bext periods

ALLAH DITTA
من قبل ALLAH DITTA , Accountant , Master Beverages & Food Limited

Prepaid Expense. are those expense that company not got benefit but paid . or relate to future expense.these payment or asset  of the company

Accrued Expense.

are the liability of the company..expense incurred but not paid.got benefit but still unpaid.

syed waseem Iqbal
من قبل syed waseem Iqbal , Senior Accountant , Pacific Exim (pvt) ltd

A prepaid expense is one the you have paid for, but the expense itself has not happened yet. An accrued expenseis one that you owe for, but have not paid at the time.

Ali Hammad Naeem
من قبل Ali Hammad Naeem , Chief Executive Officer , Concern Worldwide Media Clicks (Pvt.) Limited Chattha Group of Travels

(ASSETS) Prepaid are expenses which are paid for the period of time such as rent and insurance

(LIABILITIES) accrued expenses are those in which products and services are purchased but not paid yet. like salaries, accounts payable 

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