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...
Define vertical integration. vertical integration synonyms, vertical integration pronunciation, vertical integration translation, English dictionary definition of vertical integration. The merging of companies that are within the chain of companies that handle a single item from raw material production to retail sale. See also related...