| Issue Date: |
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Purpose
A type of deferred charge that represents expenditures, often recurrent, for future benefits. Examples include prepaid operating expenditures, prepaid rent, taxes, royalties, commissions and unexpired insurance premiums. Such items are classified as current assets and constitute a part of working capital.
USAS Values
| Normal Balance | Debit |
|---|---|
| Account Type | Real |
| GL Posting Level | Summary 1 [?] |
Summary 1 elements posted: Agy, GL, Fund, NACUBO Subfund, T-Code, Grant No. and Phase, AGL, FY, AY, DR/CR Ind. and Appd Fund.