Are prepaid expenses assets or liabilities? 1.19K viewsAccounting 0 Fleagle 0 Comments I am trying to do a statement of financial position. Do you know if prepaid expenses are included in the assets or in the liabilities section? 1 Answer ActiveVotedNewestOldest 0 Fraser Posted 0 Comments Prepaid expenses are assets and not liabilities. Accrued expenses on the other hand (or accruals) are liabilities. Register or Login Search for:
