Acruals & Prepayments

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Can anyone tell me how to work out acruals and prepayments.As im finding it realy hard!!!<BR>Thanks,<BR>miss_sade_popoola@yahoo.co.uk

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Acruals & Prepayments

    Accruals are<BR><BR>DR Expense account (P&L)<BR>CR Accruals (B/sheet)<BR><BR>Prepayments are<BR><BR>DR Prepayments<BR>CR Expense account (P&L)<BR><BR>Let me know if you need more explanation and what on specifically.<BR><BR>Nicky :-)

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