Financail Accounting

2009-09-25 8:10 pm
Unearned Client revenue
Unexperied Insurance
Prepaid rent
應放在 Balance Sheet (Assets or Labilities??) 還是 Income Statement 內的Expense????

回答 (2)

2009-09-26 12:48 am
✔ 最佳答案
Unearned client income means income not earned in this accounting period. So, it is regarded as a Unearned Income and as shown under the Current Liabilities of the Blaance Sheet.
Unexpired Insurance and Prepaid Rent are expenses not for this accounting period. So, it is not regarded as a current expense but as a prepayment under the Current Assets of the Balance Sheet.
2009-09-26 9:42 pm
Unearned Client revenue > current liabilities

Unexperied Insurance > current assets

Prepaid rent > current assets

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