‘not accounted for’ questions

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April 2, 2021 at 3:51 pm #615768
Ocean2k20
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I’ve seen a couple of questions where they mention something is not accounted for.
If a question says ‘prepayment paid in advance is not accounted for’ – is this saying the fact that the invoice is a prepayment is not accounted for, or the whole invoice was ignored?

Thanks!
April 2, 2021 at 4:15 pm #615775
John Moffat
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It means that although the invoice will have been entered, no entry will have been made to account for the prepayment.
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