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Yes Sir,
i have seen the lectures of Chap 4/F3 ;but i get always suspicious because of the limit of the year, i mean which is IN prepayment and which is Out .Before the relevant year the month before is considered what , as here is December :2001 ?? Is this considered a prepayment ?I am always thankful to you.
also Sir.
how could we realize that the year begins with February 2005 not in January 2005 ?“vine sublets part of its office accommodation. the rent is received quarterly in advance on 1 jan, 1 april, 1 july and 1 october each year.
The annual rent was $24000 but was increased to $30000 from 1 july 2005.
What amounts for rent should appear in the company’s financial statements for the year ended 31 jan 2006?”Dear John,
good day Sir,
I did not get how :” accrued income treated like asset (receivable) prepayment?
prepaid income treated like liability accrual?”
as i know that Prepaid is a debtor account and Accrual is a Creditor .
Thank you very much.COULD SOMEBODY HELP ?
I M TRYING TO BUY BPP EXAM KIT, BUT IT ALWAYS DECLINE MY MASTER CARD .
IT DOES NOT PRECISE WHY .??