[Solved] The adjustment to be made for prepaid expenses is

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Q.	The adjustment to be made for prepaid expenses is
A.	Add prepaid expenses to respective expenses and show it as an asset
B.	Deduct prepaid expenses from respective expenses and show it as an asset
C.	Add prepaid expenses to respective expenses and show it as a liability
D.	Deduct prepaid expenses from respective expenses and show it as a liability
Answer» B. Deduct prepaid expenses from respective expenses and show it as an asset

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