unit 5
meibaker
Registered Posts: 481 Dedicated contributor 🦉
when you calculate the credit sales, is it right to use receipts from debtors+ debtors at the beginning of the year - debtors at the end of the year.
if so, is it the right format to calculate other stuff like accruals and prepayment? thanks
if so, is it the right format to calculate other stuff like accruals and prepayment? thanks
0
Comments
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Have just done this today :thumbup:
Sales for year= receipts from debtors in the year minusdebtors at the beginning of the year plus debtors at the end of the year
Accruals and prepayments come into play for Expenses
Expenses for the year= bank and cash payments minus accruals or plus prepayments at the beginning of the year plus accruals or minus prepayments at the end of the year.
Hope this makes sense0 -
thanks so so so much for your help.
best wishes.0
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