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Don't understand accruals, prepayments, deferred income or accrued income? Then this one is for you. In this video I am walking you through accrual costs, the relevant journals here and how to remember this in the exam. Then I move onto prepayment costs, what they are and how we account for them. I then move onto to accrued income, how we deal with this along with journals and how to deal with this in the exam. Finally I walk you through deferred income, how we journal this, what we do with this
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