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12 May, 21:14

Prepaid accounts (also called prepaid expenses) are generally: A. Payments made for products and services that never expire. B. Classified as liabilities on the balance sheet. C. Decreases in equity. D. Assets that represent prepayments of future expenses.

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  1. 12 May, 21:28
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    D. Assets that represent prepayments of future expenses.

    Explanation:

    Someone creates a prepaid account so that money is set aside to use on future expenses.
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Home » Business » Prepaid accounts (also called prepaid expenses) are generally: A. Payments made for products and services that never expire. B. Classified as liabilities on the balance sheet. C. Decreases in equity. D.
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