acct bba 102 c3

Dr. Md. Abdul Hannan Mia, FCMADr. Md. Abdul Hannan Mia, FCMAProfessor, Department of MISProfessor, Department of MIS

University of DhakaUniversity of Dhaka

11Sunday, May 18, 2014Sunday, May 18, 2014




Types of Adjusting Entry Types of Adjusting Entry

PrepaymentsPrepaymentsAccrualsAccruals




PrepaymentsPrepayments

Payment made or Payment made or received in advance.received in advance.1. Prepaid expenses1. Prepaid expenses2. Unearned Revenues2. Unearned Revenues




Prepaid expensesPrepaid expenses

Expenses are paid Expenses are paid in cash and in cash and recorded as asset recorded as asset before they are before they are usedused




Unearned RevenuesUnearned Revenues

Cash received Cash received and recorded as and recorded as liability before liability before revenue is earnedrevenue is earned




AccrualsAccruals

Cash is not paid or Cash is not paid or received even expenses received even expenses or revenues are or revenues are recognizedrecognized

1.1. Accrued ExpensesAccrued Expenses2.2. Accrued Revenues Accrued Revenues




Accrued ExpensesAccrued Expenses

Cash is not paid Cash is not paid expenses or revenues expenses or revenues are recognizedare recognized

1.1. Accrued Revenues Accrued Revenues




Class TestClass Test

acct bba 102 c3

Education

abdul hannan mia

department of misuniversity

prepaid expenses expenses

recognizedaccrued revenues

accrued expenses cash

unearned revenuescash

prepaid expenses2

unearned revenuesdr