Question

the nature of prepaid expenses is expenses, liability, revenue, asset​

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

Answer 2

Answer:

asset

Explanation:

Prepaid expenses are kind of fictitious assets, which are not actual assets involved in capital but are in that nature