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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1555 |
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This means that adjustments have to be made so that it can be included in the final accounts for that accounting period.
D. Mr. Stanley had paid a proportion of the rates for the following accounting period. Explain how this impacted on the preparation of the accounts for the current accounting period...
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Explain how this impacted on the preparation of the accounts for the current accounting period.
A prepayment is when an amount is paid in advance of the accounting period in which it is actually due. It means that the company has made an overpayment, in this particular case Mr. Stanley has overpaid on his rates...
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