• suleiman umaru usman account
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    pls what is the difference between Accrual and prepayment?
    19 September 2012Comment
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    • adeyemi c osho Accrual is a term used for accumulated payables over the time e.g. rent owing, electricity cost owing, salaries outstanding etc while Prepayment is an amount paid in advance on e.g salaries, electricity and rent also can be paid in advance.
      Like It1 Unlike It0 24 October 2012
    • adiat olalekan Pls what is the actual meaning of accounting
      Like It0 Unlike It0 05 November 2012
    • simon osei IS THE PROCESS RECORDING,CLASSIFYING,SUMMARISING AND ANALYSE IT WITH FINANCIAL STATEMENT
      Like It0 Unlike It0 26 April 2013
    • adesewa awotunde Accrual is like the money you are owing. E.g if u say accrued rent of #500, it means u've not yet paid the rent. Prepayment is the money you pay in advance. E.g electricity fee of #500 paid in advance. So that you will not have to pay the fee the next time it's due
      Like It1 Unlike It0 13 May 2013