Accruals

This topic has 1 reply, 2 voices, and was last updated 9 years ago by John Moffat.

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June 30, 2016 at 8:58 pm #324499
jordan224
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could you please clarify on why the $950 in example 2 and 4 on the topic of ‘prepayment and accrual’ was counted twice as expense in SOPL for two financial periods?
July 1, 2016 at 7:34 am #324515
John Moffat
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If you wish for me to answer then you must ask in the Ask the Tutor Forum (this forum is for students to help each other).

(Have you watched the free lecture where I work through these examples, because the 950 is certainly not counted twice as an expense!!!)
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