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Accruals and Prepayments - PowerPoint PPT Presentation


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Accruals and Prepayments Example. Annual buildings insurance 4,000 paid in advance 1 July 2001. The insurance premium for the year to 30 June 2001 was 3,600. On 5th October 2001, received electricity bill for 560 for the quarter ended 30 September 2001. Other electricity costs for the year e

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