Question

PLEASE HELP ME ANYONE !!!!!!!

Why it is necessary to prorate expenses? Explain in complete sentences.

Answer 1

Example of the Benefits of Prorating Expenses. The easiest tax benefit example to understand is traveling for both business and personal reasons. ... The portion of expenses allocated as business expenses reduces the amount of taxes owed by the company, reducing the amount of taxes the entrepreneur needs to pay.

Answer 2

Common examples of things that are prorated are rent or utility bills, which are reduced based on the amount of time you have lived in the building so it could end up saving you a lot of money