what is the meaning of prepaid&accruals in accounting?
Answer Posted / ahmed
prepaid means The payment is made in advance and will be booking expenses monthly basic.
for example prepaid expenses are rent insurance etc etc
accruals means the expenses for the present month will be effected to the next month
for example salary, electricity,telephone bills
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
What is the diffrent job&project accounting?
WHAT IS THE LAST DATE OF HOUSE TAX SUBMITED , AND WHAT IS THE RATE OF HOUSE TAX ?WE PAID HOUSE TAX MCD OR ANY OTHER. PLEASE TELL ME.
How does accounting contribute to the community?
what will be the treatment of preliminery expenses if due to preliminary expenses being written off there results a loss?
What is an over accrual?
What is accounting & why it is used?
dear sir,how to maintain petty cash book. its voucher and posting on cash book and ledger A/c?
Journalise- opened a saving a/c with S.B.I. ?
What is tally accounting?
how do made in finalization
India me ,suppose that hmare pass 190000 Rs hai,to kitna tax lgega,or kis heshab se lgega,
WHEN WILL SBI DECLARE THE RESULTS OF INTERVIEWS OF CLERICAL CADRE HELD IN APRIL-MAY 2010?
what is the deference between depreciation explanation
What is a ledger?
What is an accounting transaction?