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Final Accounts of a Proprietary Concern — Book Keeping & Accountancy STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyFinal Accounts of a Proprietary Concern1 Mark
Question
What do you mean by Prepaid Expenses?
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Answer

The expense which is paid in advance before they are due for payment is called prepaid expenses.

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