Accountancy, asked by yashpradhan88, 2 months ago

what kind of account is prepaid intrest account?​

Answers

Answered by rajajigurjar18
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Answer:

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Answered by js4709613
0

Answer:

An account listed on a company's balance sheet that shows how much money it has prepaid in interest. Prepaid interest is an asset. When it actually comes due, it is moved from the prepaid interest asset account to interest expense.

Explanation:

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