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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.

Prepayments and Accruals

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26

Mar'18

What are Prepayments and Accruals?

What are Prepayments and Accruals? Prepayments and accruals adjust financial accounts at the balance day for amounts that cross-over the …

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10

Jan'18

What are Adjustments?

What are Adjustment entries? What is an Adjusted Trial Balance? Accounting adjustments are journal entries or adjusting entries. They are …

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