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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › ‘not accounted for’ questions
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!
It means that although the invoice will have been entered, no entry will have been made to account for the prepayment.