Inventories, Accruals + Prepayments Flashcards
(2 cards)
1
Q
Accured income double entry
A
Dr Rent in arrears (SoFP)
CR Rental income (P/L)
Receivable
2
Q
Deferred income double entry?
A
Dr Rental income (P/L)
Cr Rent in advance (SoFP)
Liability
