How To Purrfect AAT Accruals and Prepayments

Boris How to Purrfect Accruals & Prepayments BLOG

Boris is still struggling a bit on his AAT accruals and prepayments! He asked the following question, to try and straighten things out in his head… “I wonder if I could seek your assistance in ensuring that I have grasped the accrual and prepayment accounts correctly. My understanding is: DEBIT EXPENSES Expenses are DEBITS Prepaid […]

How To Make Sense Of AAT Accruals and Prepayments

Accruals and Prepayments Blog

Whilst marking various progress tests and practice assessments, I find there are certain areas that regularly cause students problems. In the AAT Level 3 Advanced Diploma (and within Accounts Preparation / Advanced Bookkeeping), one of the problem areas tends to be Accruals and Prepayments (yes I saw you shudder and pull a face!) Below are the […]