Which of the following is an example of a prepaid expense?
A) Supplies
B) Accounts Receivable
C) Unearned Subscriptions
D) Unearned Fees

Name: Which of the following is an example of a prepaid expense? A) Supplies B) Accounts Receivable C) Unearned Subscriptions D) Unearned Fees
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Question

Quizplus · Accepted Answer

Prepaid expenses are payments made for expenses that will benefit future periods. Supplies are often purchased in advance and used over time, fitting the definition of a prepaid expense.

Which of the Following Is an Example of a Prepaid