Asked By: Rogers Feil
Date created: Thu, Aug 26, 2021 8:59 AM
Date updated: Sun, Jun 26, 2022 9:49 AM
Top best answers to the question «How do you treat prepaid insurance in balance sheet»
Prepaid insurance is the portion of an insurance premium that has been paid in advance and has not expired as of the date of a company's balance sheet. This unexpired cost is reported in the current asset account Prepaid Insurance.