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May 31, 2018

Prepaid dues

May 31, 2018/ Steven Bragg

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.

May 31, 2018/ Steven Bragg/
Assets

Steven Bragg

  • Plant assets
  • Pledged asset
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