Prepaid Insurance is classified as a :

a) Asset b) Liability c) Owner's equity account d) Revenue e) Expense?

Question

Mohammed Asim Nehal · Answer

A) Assets : It is prepaid .............

Zehab Osman · Answer

A--------------------------------------------------------------

Md. Omar Faruq · Answer

Prepaid insurance is classified as current assets in the Balance Sheet, so correct answer is option-A

Wasim khan wazir · Answer

Asset...........................................,,,,,,,,,,,,.

tehmasip butt · Answer

classified as current asset in balance sheet

Deleted user · Answer

Option A)asset is the right answer.....

Deleted user · Answer

Prepaid insurance is classified as

A)Asset

Michael Lagunday · Answer

Prepaid Insurance is the remaining insurance not allocated for the period. Therefore, prepaid insurance is an asset.

Syed Muntazir · Answer

An asset....correct answer is option a

Phool Chandra Kesharwani · Answer

Prepaid insurance are recorded under category of current assets in balance sheet .

MASOOD BIN ABOOD Bin Saif · Answer

Asset:
Expense not yet realised.