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...
all barriers to the trade of goods and services among member countries are removed. under a free trade area what are countries still allowed to decide independently. each country is allowed to determine its own trade policies with regard to nonmembers. what is the most popular form of regional economic integration. agreements among countries in a geographic region to reduce, and ultimately remove, tariff and nontariff barriers to the free flow of goods, services and factors of production between each other. Order from least integrated to most integrated the 5 levels of integration.