To record the adjusting entries for a prepayment at the end of an accounting period, debit the related, actual expense account to denote the expense recognition, and credit the asset account of the prepaid expense to reduce its outstanding balance.
International integration is a financial concept in which countries have an ever greater number of financial transactions, investments and interests outside their borders.Through financial integration, nations become increasingly financially interdependent.efine Integration in Corporate Communication. ... International integration is a financial concept in which countries have an ever greater number of financial...
Definition of integrate. integrated. ; integrating. transitive verb. 1 : to form, coordinate, or blend into a functioning or unified whole : unite. 2 : to find the integral of (as a function or equation) 3a : to unite with something elseb : to incorporate into a larger unit. 4a : to end the segregation of and bring into equal membership in society or an organizationb : desegregate integrate school districts. intransitive verb. : to become integrated.