Accruals and Prepayments (part b) - ACCA (FA) lectures

[@mahanaztabassum7924]

You are a one great teacher. The way you explain will help anyone to build the foundation of accounting knowledge. I study at Queen Mary and honestly I am tired of being a self-learner even though paying thousands for the university. Sometimes books don’t help either.You guys are simply life savers. Great wishes :)

[@tkhue3296]

The SOPL would show all different prepayment , but SOFP only show 1 figure in total. CHEER !!!!!

[@dpurnimaa64]

thank you!

[@billicatato-9441]

I am confused, since the payment was at 12th June wouldn't we take 7/12 instead of 6/12 counting june

[@opentuition]

It is not the date of the payment that matters but the period covered by the invoice.