Glossary entry (derived from question below)
Spanish term or phrase:
gastos pagados por anticipados L P
English translation:
long-term prepaid expenses
Added to glossary by
Laurel Thompson
May 16, 2011 21:20
13 yrs ago
12 viewers *
Spanish term
United States
Honest, fast, meticulous
Native in: English
Works in: Spanish to English, English to Spanish
gastos pagados por anticipados L P
Spanish to English
Bus/Financial
Accounting
Balance Sheet term
This is a line item on a balance sheet in the "Assets" column.
Please, what does L.P. mean here?
Please, what does L.P. mean here?
Proposed translations
(English)
| 3 +1 | long-term prepaid expenses |
patinba
|
| 5 +1 | Long-term prepaid expenses |
Richard Cadena
|
Proposed translations
+1
11 mins
Selected
long-term prepaid expenses
[PDF] TermoEmcaIi I S.A. E.S.P. - [ Translate this page ]
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Gastos pagados por anticipado largo plazo y diferidos. Inventarios. Diferidos. Otros Activos. Cuentas por pagar. Compañías del Exterior ...
www.termoemcali.com/public/.../TE_2009-2008.pd
Long-term prepaid expenses Answer,Long-term prepaid expenses ...
7 Jan 2011 ... Long-term prepaid expenses Answer,Long-term prepaid expenses Question includes Accounting,Amortization of start-up costs and advertising ...
ask.alibaba.com/.../Long-term%2Bprepaid%2Bexpenses-answer.html
File Format: PDF/Adobe Acrobat - Quick View
Gastos pagados por anticipado largo plazo y diferidos. Inventarios. Diferidos. Otros Activos. Cuentas por pagar. Compañías del Exterior ...
www.termoemcali.com/public/.../TE_2009-2008.pd
Long-term prepaid expenses Answer,Long-term prepaid expenses ...
7 Jan 2011 ... Long-term prepaid expenses Answer,Long-term prepaid expenses Question includes Accounting,Amortization of start-up costs and advertising ...
ask.alibaba.com/.../Long-term%2Bprepaid%2Bexpenses-answer.html
Note from asker:
| Of course----lp and cp---largo plazo and corto plazo. Thanks! |
4 KudoZ points awarded for this answer.
Comment: "Thank you both, this one arrived first. "
+1
16 mins
Long-term prepaid expenses
"Gastos anticipados" or "Gastos pagados por anticipados" are prepaid expenses. The standard term in Spanish is "Gastos anticipados". LP appears to be "Largo Plazo", which is "long-term" in English.
References:
Tom West's Dictionary
Silvana Debonis's Dictionary
Marina Orellana's Dictionary
Hope this helps.
In my 23rd year of translating from Spanish to English for Mexico City based member firms of big 4 (PwC, KPMG) and 2nd tier (Grant Thornton, RSM, Hevia, etc.) CPA firms, as well as other financial institutions.
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Note added at 18 mins (2011-05-16 21:38:35 GMT)
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Barron's Accounting Handbook provides the folloiwng definition:
Prepaid Expense: Expenditures paid for in one accounting period, but not completely used or consumed until the net accounting period.Examples of expenses paid in advance are insurance, advertising, and rent. Prepaid expenses are often of a recurring nature. They are presented under current assets in the balance sheet.
References:
Tom West's Dictionary
Silvana Debonis's Dictionary
Marina Orellana's Dictionary
Hope this helps.
In my 23rd year of translating from Spanish to English for Mexico City based member firms of big 4 (PwC, KPMG) and 2nd tier (Grant Thornton, RSM, Hevia, etc.) CPA firms, as well as other financial institutions.
--------------------------------------------------
Note added at 18 mins (2011-05-16 21:38:35 GMT)
--------------------------------------------------
Barron's Accounting Handbook provides the folloiwng definition:
Prepaid Expense: Expenditures paid for in one accounting period, but not completely used or consumed until the net accounting period.Examples of expenses paid in advance are insurance, advertising, and rent. Prepaid expenses are often of a recurring nature. They are presented under current assets in the balance sheet.
Reference:
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