State whether the statement are true or false "prepaid expenses are tr

1.	State whether the statement are true or false "prepaid expenses are treated as laibilities."
Answer» No it Is TREATED as asset.( prepaid means paying extra) since you are paying extra expense means its not creating any liability to you RATHER it CREATES liability to other person to whom you have paid because he is obliged to return you back the money ..Hence its is simple that Jo liability TUMHARI nhi he WO tumhari asset.

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State whether the statement are true or false "prepaid expenses are treated as laibilities."​

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State whether the statement are true or false "prepaid expenses are treated as laibilities."