From Business: US Coachways offers an extensive selection of vehicles such as 24 passenger charter buses, 49 passenger charter buses, 56 passenger charter buses, party buses. Weâ¦
May 16, 2017/. Prepaid dues are fees paid to a membership organization, covering a time period that has not yet expired. The amount of these dues is recorded in a current asset account (such as prepaid expenses or a separate prepaid dues account). As each successive month in the coverage period expires, a proportionate amount of the prepaid dues is charged to expense.
Advance Payments. Prepaid items are similar to escrow accounts. However, they are used to pay the first month's interest on the loan, before the lender starts billing the buyer, and to create escrow accounts for taxes and insurance before monthly payments start contributing to those accounts. Prepaid items are not listed that way on a settlement statement at the closing.