Chapter 11
Accounting Terms
Accruals and Prepayments Accruals in the balance sheet are (current) liabilities, prepayments are (current) assets. They arise because of the accruals.
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Accountaning management notes @ mba bec doms
1 Chapter 8 Operating Assets: Property, Plant, and Equipment, Natural Resources, and Intangibles Financial Accounting, Alternate 4e by Porter and Norton.
Ch.8 Operating Assets: Plant Assets, Natural Resources, and Intangible Assets.
