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...
In calculus, the process of calculating an integral. Integration is the inverse of differentiation, since integrating a given function results in a function whose derivative is the given function. Integration is used in the calculation of such things as the areas and volumes of irregular shapes and solids.