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Accounting > Inventories, Accruals + Prepayments > Flashcards

Inventories, Accruals + Prepayments Flashcards

1
Q

Accured income double entry

A

Dr Rent in arrears (SoFP)
CR Rental income (P/L)

Receivable

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2
Q

Deferred income double entry?

A

Dr Rental income (P/L)
Cr Rent in advance (SoFP)

Liability

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Accounting (6 decks)

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