Câu hỏi 835566:
A prepaid expense requires no year-end adjustment.
A prepaid expense requires no year-end adjustment.
Expenses and incomes need to be…………..to the correct accounting period.
Accrual of income means that income due …………. the financial year has not been received by the end of the year.
The accrual amount is ……………to the figure shown in the trial balance when including the item in the profit and loss account.
A prepaid income is an income received in…………of the accounting period that it relates to.
A debit balance on the insurance account means that insurance premiums have been paid in advance.
An expense prepayment appears in the balance sheet as a……………..
An accrued expense represents an expense paid in advance.
A prepaid expense is shown as a current asset in the balance sheet.
An expense accrual appears in the balance sheet as a………..
An income prepayment appears in the balance sheet as a……………
A prepaid expense is added to the expense item from the trial balance.
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