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  • Aug 15, 2009, 11:00 AM
    gikkums7
    Cash basis accounting
    How do I list on the balance sheet for cash basis accounting an asset of prepaid insurance
  • Aug 15, 2009, 07:55 PM
    morgaine300

    You wouldn't. If it's cash basis, you charge expenses when they are paid. So it would have gone straight into the insurance expense account and never have been an asset to begin with.

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