Postage stamps on hand are considered as
A. Bank balance
B. Prepaid expenses
C. Accounts receivable
D. Creditors
Answer: Option B
Solution(By Examveda Team)
Postage stamps on hand are considered as Prepaid expenses. Prepaids are any expense the business pays for in advance, such as rent, insurance, office supplies, postage, travel expense, or advances to employees.This Question Belongs to Commerce >> Accounting
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