Examples of Prepaid Items in a sentence
Prepaid Items Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.
Prepaid Items: Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both the government-wide and fund financial statements.
They based their business case off of costs that they received from Washington, D.C. The estimated implementation cost in the business case (which does not include the cost of temporary labor and is not included in this part of the analysis) is lower ($995,000) than Fairfax’s proposed costs ($1,197,354), but the annual maintenance costs are higher than what were initially estimated ($230,000 vs $163,268 – $191,510).
Inventories and Prepaid Items (Continued) Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.
Inventories and Prepaid Items – Inventories, which are not material to the basic financial statements, are considered to be expenditures at the time of purchase.