Question

unexpired expenses is which account?​

Answer 1

Explanation:

When we have paid any expense and its benefit is to be availed in future, it is termed as unexpired or prepaid expenses. ... Thus, when the Final Accounts is prepared, the amount of premium is deducted in Profit and Loss Account and the same is shown in Balance Sheet asset side.

Answer 2

Answer:

Unexpired expense is also known as prepaid expense. Prepaid expense means the expense which is paid in advance and the benefit of which is not received by the company. Representative personal accounts are the accounts that relate to a particular person, group of persons.

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