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Accounting Topics > Prepayment

You are currently researching Prepayment, below you will find the latest information on the subject of Prepayment available at Accounting Topics. Prepayment is categorized in the P index of accounting topics.


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Prepayment

What is Prepayment? A Basic Definition

An entry in an account to credit the account in one period and debit it in the next (thus maintaining double entry) so as to take account of payments made in the first period in respect of a subsequent period or of income due for the first period but not yet received, in accordance with the accruals principle.

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Off-site Prepayment Links, User Submitted

The following links have been collected through user bookmark submission in the Prepayment category. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.

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  • Refinance closing costs: It is advisable that you check with your financial institution regarding prepayment penalty. It has been noticed that few financial institutions will waive your prepayment penalty if you refinance with them.

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  • migrant workers payment card: first there lets you pay workers' wages simply and easily. It's ideal for migrant workers. They enjoy the benefits of a prepaid MasterCardŽ card and low cost phone calls, while you cut time and costs across the board. Plus you can make revenue every time they use their card.

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Off-site Prepayment Research Links

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