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Is There any chance for prepaid expense is appear on liability side of balance sheet..?..If "yes"..Please Explain the situation..??

Accounting
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Question added by Jishad Kk , ACCOUNTANT , SPINNEYS
Date Posted: 2015/12/19
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FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

NO WAY

prepaid expense is ASSETS

MY BE

BE MINUS FROM LIABILITIES AND THIS IS A DEFINITELY WRONG WAY

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