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    Assigning expenses to the period in which they are incurred

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    What accounts do you use to adjust expenses paid in the current year for services or products purchased for the coming year.

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    https://brainmass.com/business/accounting/assigning-expenses-period-incurred-27995

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    Expenses incurred for the coming year are divided in the following categories:

    Prepaid ~ miscellaneous assets that typically expire or are used up in the near future. For ...

    $2.49

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