Prepayments and Accruals
Prepayments and Accruals
Prepayments and accruals are the items used to adjust the accounts at the balance day before reports are prepared. Because of the difficulty, this is a hard topic for accounting students.
This infographic explains the four types of prepayments and accruals.
Return to Accounting Questions and Answers here.
To learn more, access the right low cost introductory accounting tutorial here
