Question on: SS1 Accounting - Meaning of Pre- Payments And Accruals & Distinctions Between Pre-Payment And Accruals
What are pre-payments?
View related lesson
A
Payments made by a business in advance for goods or services that will be received or consumed in the future
B
Payments made by a business after goods or services have been received or consumed
C
Payments made by a business for goods or services that are not required
D
Payments made by a business for goods or services that have not been received or consumed
Ask EduPadi AI for a detailed answer
Correct Option: A
Add your answer
Please share this, thanks!
No responses