Hello, Guest   |   Login here

TT5 Adjustment for Prepaid Expense

Typical Transaction 5
Example: Adjustment for Prepaid Expenses – Example: 9,300 Rent and Insurance Prepayment, adjustment for the month: 1,000 monthly rent + 200 monthly insurance = 1,200 The entries for this transaction in the Accounting System can be seen here, 

Subscribe today and learn the fundamentals

It seems you don't have access to the exclusive content of The Course.

In order to gain access to the content of The Course you will have to register with EntreprenAble. Membership with EntreprenAble will also give you access to our interactive Business Game and Accounting Simulations.

Subscribe today and get:

  • Unlimited website access to The Course
  • Optimized view for Desktop, Tablet and Mobile devices
  • Free 7-day, no obligation trial - normally £15
Start free trial
Test-drive the system for free