Please enable JavaScript.
Coggle requires JavaScript to display documents.
accrual and prepayment; receivables and irecoverable debts - Coggle Diagram
accrual and prepayment; receivables and irecoverable debts
prepayment
concept
expense related to a future accounting period but have already been paid for
know
not yet used up
paid
accrued income
earned
not yet earned
unearned income
received
not yet earned
accrued expense
concept
expenses related to an accounting period but not yet paid
know
used
not yet paid
irrecoverable debt
write - off
receivable decrease
expense increase
reason
out of business
bank rupt
net realisable value - NRV
sale value - cost to make sale
Inventory market value - cots to complete and sell goods