From Business: US Coachways offers an extensive selection of vehicles such as 24 passenger charter buses, 49 passenger charter buses, 56 passenger charter buses, party buses. Weâ¦
May 16, 2017/. Prepaid dues are fees paid to a membership organization, covering a time period that has not yet expired. The amount of these dues is recorded in a current asset account (such as prepaid expenses or a separate prepaid dues account). As each successive month in the coverage period expires, a proportionate amount of the prepaid dues is charged to expense.
Recognition is by payment or accrual of an incurred expense. Prepayments made for goods and services. in the current fiscal year relating to a future fiscal year must be recorded as a prepaid expense. Definitions. Prepaid asset â Payment is made upfront for services provided at future dates, for example insurance.