Explain what accruals are and give an example. Explain what prepayments are and give an example.

College Accounting (Book Only): A Career Approach
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ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements
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Explain what accruals are and give an example.

Explain what prepayments are and give an example.

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