Accounting for Beginners | Part 4 | Accruals & Prepayments
20:24
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Accounting for Beginners | Part 4 | Accruals & Prepayments
In part 4 of Accounting for Beginners, we look at Accruals and Prepayments. We explain what accruals and prepayments are, whether they are assets or liabilities, and how they are treated in accounting. We also go through journal entry examples of accruals and prepayments. We do the general ledger for prepaid expense, income received in advance ...
166.3K viewsMay 19, 2021
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