Accruals and Prepayments | ACCA F3 | CA | CIA | CiMA | CPA | CMA | O Levels | Commerce Specialist |
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- เผยแพร่เมื่อ 6 ก.ย. 2024
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This video from Commerce Specialist is about the concept of Accruals and Prepayments. Detailed explanation is given on What are Accruals and Prepayments, Why do we have Accruals and Prepayments, How to record Accruals and Prepayments, T accounts for recording Accruals and Prepayments, Unearned Revenues, Unearned Incomes, Income Received in advance, The charge to Profit/Loss, Entries for payment of expenses and entry for receipts of revenues.
This tutorial/lecture video is very relevant and useful for students of B. Com, O Levels, A Levels, BBA, MBA, CA, ACCA, CMA, CIMA, CIA and CPA.
About:
Commerce Specialist is a Certified Management Accountant (CMA) from USA, is a Fellow of member of HEA UK, holds Certification in International Auditing from ACCA-UK, member of IFA UK and IPA Australia, also holds a Bachelors in Accounting, A teaching qualification of B.Ed., an MBA in Finance along with over 20 years’ experience of working in various MNCs in different sectors including Banking, NBFIs, Retail, Oil & Gas, Telecommunication, and top business schools, colleges and universities.
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I seem to confuse about what is going p or l 's account sir
Very well explained sir, , it would be help great if these cases also explained in similar way you have done in basic accounting video.. by posting journal entries and then preparing ledgers and trail balance
Sir, thank you very much for making the ACCA topics more engaging and easier to understand. I'm looking forward to watching all of your videos.
Thx dear
Thank you very much sir really clear explanation love it
Good job done sir 👏🏻👏🏻👏🏻
God bless you
Thx a lot dear👍
Sir, you are the best !!!
Thx Izabela
Can we not open an individual t account for each of this: Dr Rent $12000 / Cr Cash $8000 / Cr Accrual $4000 . After the expense is paid, Dr Accrual $4000 / Cr Cash $4000 .
Headache with this
Sir for Rent A/C expences:
Prepaid balance is DR, so where is it CR, which account??
When it was paid it was Prepaid Rent debit and Cash credit.
Opening and closing balances dont have corresponding debit or credit
Sir well explained 🌹
good sir its too beneficent for us
thanks
Ur welcome dear👍🙏😊
sir?thank you so much
😊🙏👍
Helpful video.
Thanks
Thx Malik
As always well explained 👍
Thanks dear
sir, please teach loan notes