Observe: its difference to ACCRUALS
(PREPAYMENT OF EXPENSES AND PRECOLLECTION OF INCOME)
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sHaRe uR ThouGhTs.... :D
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2009
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January
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- 1.ACCRUALS
- A. ACCRUED EXPENSES (Payable)
- B.ACCRUED REVENUE (Receivable)
- 2.DEFFERALS
- A.PREPAID EXPENSES
- B. PRECOLLECTION OF INCOME
- 4. Provision for ESTIMATED DOUBTFUL ACCOUNTS (BAD ...
- 5. ADJUSTMENT ON INVENTORIES- this is typical in m...
- 6.Correction of Erroneous Journal Entries
- SPECIAL JOURNALS
- ANALYZING and SUMMARIZING BUSINESS TRANSACTIONS OF...
- Bookkeepping and Financial Statements
- ASSUMPTIONS
- Generally Accepted Accounting Principles
- TYPES and FORMS of BUSINESS
- ACCOUNTING
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January
(16)
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