marching concept

Question 1

Accruals

Answer 1

Revenues earned or expenses incurred wich are recorded even though the cash hasnt actually been received or sent ( accrued accounts credited with outstanding amount)
( expense or revenues debited )

Question 2

pre payments

Answer 2

Settlement of a debt or amount paid on a loan in advance before its due date
(pre paid accounts debited ) ( expense or revenues credited)