Advance cash payments of future expenses are called ________.
A) accrued revenues
B) deferred expenses
C) deferred revenues
D) accrued expenses

Name: Advance cash payments of future expenses are called ________. A) accrued revenues B) deferred expenses C) deferred revenues D) accrued expenses
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Question

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Advance cash payments of future expenses are called deferred expenses. This is because the expenses have been paid for in advance but the benefit of those expenses will be received in the future.

Advance Cash Payments of Future Expenses Are Called ________