Accruals and Prepayments (part d) - ACCA Financial Accounting (FA) lectures

[@tkhue3296]

Key concepts i got :
1. Prepayment is the money we paid advance
2. Accruals is the money we haven't paid
3. Everything just remain unchanged if the actual bills is more than the estimation last year ,
because balance of this year act as a auto correction for the last year .
Thanks John .

[@lincd1348]

Yes

[@Nyarie9904]

Thank you sir

[@kamisonk1127]

Thank you!