Glossary of fiscal terms used in Canada
There are 140 entries in this glossary.| Term | Definition |
|---|---|
| Prepaid expense |
An expense you pay for in advance; an expense you incur for goods and services you will receive at a later fiscal period ; amounts you pay as interest, income tax, municipal taxes, rent, dues, or insurance for later fiscal periods. These amounts are included as assets on the balance sheet at the end of a fiscal period. |