exam kit 10.4Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › exam kit 10.4This topic has 1 reply, 2 voices, and was last updated 3 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts November 3, 2020 at 2:36 pm #593952 tushargujralParticipantTopics: 66Replies: 95☆☆hi sir I have doubt why its sundry payables as we have its prepayment income November 3, 2020 at 3:37 pm #593965 John MoffatKeymasterTopics: 56Replies: 53809☆☆☆☆☆Prepaid income is rent that we have received in advance and relates to next year.Therefore at the end of this year it is effectively owed back to the person renting from us and is therefore a liability.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In