Amortization of Prepaid Expenses
Amortization of prepaid expenses is an accounting process used to spread the cost of a prepaid expense over the period of time that the company will receive the benefit from the expense, helping to accurately match the cost of the expense to the period in which it will be used and ensuring accurate financial reporting.
Accounting treatment refers to the specific methods and guidelines used to record and report a business transaction in the financial statements, ensuring that it adheres to accepted accounting principles and standards.
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