Currently I've an invoice in the amount of $6000 to reserve a booth for Jan 2010 CES show. I'd like to know if I can record this transaction now as prepaid expense. If not, what would be the appropriate GL for this payment.
Thank You in advance.
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Currently I've an invoice in the amount of $6000 to reserve a booth for Jan 2010 CES show. I'd like to know if I can record this transaction now as prepaid expense. If not, what would be the appropriate GL for this payment.
Thank You in advance.
I would record it as a Prepaid Expense.
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