accurals and prepayments

This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
November 28, 2017 at 5:37 pm #418712
cindy7
Member
- Topics: 77
- Replies: 33
The company A has paid insurance $21600 in 2008, covering the year ending 31 August 2009
Answer $21600 X8/12

On 1 January 2009 company B received rent from a tenant $9600 covering six months to 31 Dec 2008
Answer $9600

from company A statements, I thought the payments was $21600 for the 8 months (31 august 2009) . what proof do we have that the $21600 was not adjusted for?
November 29, 2017 at 10:00 am #418816
John Moffat
Keymaster
- Topics: 57
- Replies: 54857
But for company A it says that the payment covered a year 🙂
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

The topic ‘accurals and prepayments’ is closed to new replies.