prepaid assets
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prepaid assets — See prepaids … Financial and business terms
Prepaid — refers to services paid for in advance. Examples include tolls, pay as you go cell phones, and stored value cards such as gift cards and preloaded credit cards. Prepaid accounts are assets, and they are increased by debiting the… … Wikipedia
assets — I noun available means, belongings, bona, capital, chattels, effects, estate, funds, goods, holdings, inventories, money, pecuniary resources, personal effects, personal resources, possessions, principal, property, reserves, resources, riches,… … Law dictionary
Prepaid mobile phone — A prepaid mobile phone (pay as you go or prepaid wireless) is a mobile phone for which service is purchased in advance of use. By purchasing credit to use on a mobile phone network, a user can access a mobile phone network without ongoing billing … Wikipedia
Prepaid Expense — A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received in the near future. While prepaid expenses are initially recorded as assets, their value is expensed over time as the… … Investment dictionary
Other Current Assets - OCA — A firm s assets that do not include cash, securities, receivables, inventory and prepaid assets, and can be convertible into cash within one business cycle, which is usually one year. Other current assets are listed on a firm s balance sheet, and … Investment dictionary
Current Assets — 1. A balance sheet account that represents the value of all assets that are reasonably expected to be converted into cash within one year in the normal course of business. Current assets include cash, accounts receivable, inventory, marketable… … Investment dictionary
Other current assets — Value of non cash assets, including prepaid expenses and accounts receivable, due within 1 year. The New York Times Financial Glossary … Financial and business terms
other current assets — Value of noncash assets, including prepaid expenses and accounts receivable, due within one year. Bloomberg Financial Dictionary … Financial and business terms
prepaids — Expenses that are capitalized as assets on a firm s financial statements because they will be charged against activities in the near future rather than past activities. Also called prepaid expenses, prepaid assets or prepaid items. For example,… … Financial and business terms
Matching principle — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia
