Chapter 6 | Accruals & Prepayments

Why account for prepayments & accruals?

View the two slides to learn the rules involved

Types of accruals & prepayments

Click on the glowing areas to learn the different types of accruals & prepayments under expenses & income
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Recording the accruals & prepayments

Learn how to record the accruals & prepayments into the expense & income ledgers. There are a total of 4 slides

Summary of ledger recording

A summary on the expense & income ledgers & their effects on the balance sheet. There are a total of 3 slides

Flash Card

Test your understanding on accruals & prepayments!

[Click arrow buttons to flip card. Press Ans for answer]

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