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ما الفرق بين : 1 - Prepaid - 2 - Accrual -3- Advance Payment To Supplier

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Question added by A Hakim Embaby , Assistant Financial Controller , Cleopatra Luxury Hotel
Date Posted: 2014/03/08
khaled Ibrahim Sayed Abd El Salam Ibrahim
by khaled Ibrahim Sayed Abd El Salam Ibrahim , Chief Accountant , -ElMehy engineering company

I think i can say it in a sample Definations as below :-

1) Its expenese we use it first but we  pay it in advance ( Expamle :- Mobile Card / Rent ).

2) Accurual , we receive the Goods Or the Service finished but not Paid Yet ( Purchase Not Cash ).

3) A/PMT , we pay first according to the deal with the suppliers according to our Purchase section.

Suhail Ahmed Khan
by Suhail Ahmed Khan , Lead , IBM India Pvt Ltd

Salaam Wali Kum Hakim,

 

1) Prepaid: Expenses which are paid in financial year say, but the benefit of that expense is stll not utilized fully in that particular year so we carry forward that to next year.

 

2) Accrual: it means we have either earned an income or made an expense but we have not received payment from customer or made the payment to suplier0 .

 

3) Advance payment: Payment made in advance for the service

Yusuf Dalal
by Yusuf Dalal , General Accountant. , Gmamco Contracting LLC

Prepaid = Amount paid for the expenses to be accrue in the subsequent period/months/Financial years. Example Insurance Premium paid for a period lapping in two different financial years

 

Accrual :  - Expenses are accrued but are paid in the subsequent financial period/year/month

 

Example - Salary for a month of March'2014 paid in April'2014. 

 

Advance Payment to the Suppliers : - Any consideration paid to the supplier towards the services or material to be rendered or supplied in the subsequent period or fiancial year.

Example : - payment made to the supplier against the order of goods.

 

 

Dheeraj Nair
by Dheeraj Nair , Financial Accountant , Al-Jazeera Children's Channel [JCC] – Qatar Foundation

Prepaid is deferals in which the actual transaction occured and its effect is posptponed to a later period. Accruels means relaisation of income or expense with observing an actual transaction.

georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

Agreed with colleagues answers

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