Prepaid insurance for car

prepaid insurance of car is capital or expenduture, pls explain
Replies (2)
Quick Summary
Prepaid car insurance is considered a capital expenditure. This means it's treated as an asset and appears on the asset side of your balance sheet. It's essentially an advance payment for future insurance coverage.

Prepaid Insurance for  Car  is Capital expenditure, and will be shown Asset side - Balance sheet.

To the extent it is shown as advance.

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