Prepayments and receipts

This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.

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December 21, 2019 at 10:53 pm #556302
michaelsamiotis
Participant
- Topics: 47
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Hello, I hope you are well.

Are the prepayments the same with what is called deferred expenditure and the client deposits the same with deferred income? Thank you very much.
December 22, 2019 at 10:08 am #556309
John Moffat
Keymaster
- Topics: 57
- Replies: 54851
Yes, it is the same (although I don’t know why you are asking for Paper MA because the terms aren’t really relevant for MA 🙂 )
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