Question

(a )Why Chinamma was sad on Diwali?
( b )Why do you think Deepak changed his mind?
How we have to celebrate Diwali ?​

Answer 1

Explanation:

A prepaid expense is a type of asset on the balance sheet that results from a business making advanced payments for goods or services to be received in the future. Prepaid expenses are initially recorded as assets, but their value is expensed over time onto the income statement.