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a. No Change
b. Increase
c. Decrease
d. Varies depending on how they paid
a. No Change ...........................................
a. No Change ,,,,,,,,,,,,,,,,,,,,,
mr ahmed dawoud 's answer is correct
the right answer ia A no changes
Answer is (A) No change
Prepaid expense belong to an current asset
However paid via Bank or cash both belong also to current assets
So no change will effect current asset
There will be no change
don't effect that means No Change.............................
A. There will be no change. Cash will reduce and prepayments will increase proportionately. Both are current assets.
Option A: No Change in current assets.
Prepaid Insurance (Current Asset) Dr.
Cash Cr.
cash is current asset and this case it will decrease
No Change, cash and Bank are current assets
In this case the current assets will be increased .
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