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accrud exp is re;ated to the period
prepaid is related to bext periods
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.
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.
(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
