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Which of the following is the correct double entry for a prepayment?

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Which of the following is the correct double entry for a prepayment?

A.

Debit expense Credit prepayment (current asset)

B.

Debit prepayment (current liability) Credit expense

C.

Debit prepayment (current asset) Credit expense

D.

Debit expense Credit prepayment (current liability)

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TESTED 11 Jan 2026