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    topcattbuinc's Avatar
    topcattbuinc Posts: 1, Reputation: 1
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    #1

    Mar 6, 2008, 02:36 PM
    Prepaid Insurance
    What qualifies as prepaid insurance as an asset on the Chart of Accounts
    MaggieMouse's Avatar
    MaggieMouse Posts: 226, Reputation: 8
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    #2

    Mar 12, 2008, 07:31 PM
    For example, insurance company charge you $1200 a year for your office, you paid the entire amount on 01/01/2008, the next payment will be on 01/01/2009 for year 2009's insurance.

    The $1200 is prepare insurance.
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