ACCRUALS AND PREPAYMENT

FORMAT OF EXPENSE A/C

EXPENSE A/C (E + A + L)
DATE DETAILS $ DATE DETAILS $
Balance b/d(Op xxx Balance b/d(Op xxx
Prepaid)(A) Accrued) (L)

Bank(Exp paid for xxx Inc st xxx

the year) (E)(Inc) (charge for the year)

Balance c/d(Cl Balance c/d(Cl

accrued)(L) xxx Prepaid)(A) xxx
xxx xxx

Balance b/d(Op Balance b/d(Op

Prepaid) (A) Accrued)(L)
xxx xxx

FORMAT OF INCOME A/C

INCOME A/C(R + A + L)
DATE DETAILS $ DATE DETAILS $
Balance b/d(Op xxx Balance b/d(Op xxx
Accrued) (A) prepaid) (A)

Inc st( Income xxx Bank(Income recd for xxx

earned for the year) the year) (R) (Inc)

Balance c/d(Cl Balance c/d(Cl

prepaid)(L) xxx Accrued)(A) xxx
xxx xxx

Balance b/d(Op Balance b/d(Op

Accrued) (A) xxx Prepaid) (A) xxx