New Year Special - 75% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: ac75sure

Which of the following is the correct double entry for a prepayment?

CIMA BA3 Full Course Access
CIMA BA3 View All Questions

Which of the following is the correct double entry for a prepayment?

A.

Debit expense Credit prepayment (current asset)

B.

Debit prepayment (current liability) Credit expense

C.

Debit prepayment (current asset) Credit expense

D.

Debit expense Credit prepayment (current liability)

BA3 PDF/Engine
  • Printable Format
  • Value of Money
  • 100% Pass Assurance
  • Verified Answers
  • Researched by Industry Experts
  • Based on Real Exams Scenarios
  • 100% Real Questions
buy now BA3 pdf
Get 75% Discount on All Products, Use Coupon: "ac75sure"
Next
Which ONE of the following statement is true?
Refer to the exhibit.
Previous