Series 2, Episode 5 - Adjustments: Accruals, Prepayments & Irrecoverable Debts

In this episode of Debit, Credit, Done!, Dean Quartermaine explains how to adjust accounts so they reflect the correct period — covering accruals, prepayments, irrecoverable debts, and the provision for doubtful debts.With step-by-step examples, journal entries, and insider AAT exam tips, you’ll learn how these adjustments affect both the Statement of Profit or Loss and the Statement of Financial Position.🎯 Perfect for AAT Level 3 students preparing for the Financial Accounting: Preparing Financial Statements assessment.#AAT #AccountingPodcast #DebitCreditDone #Accruals #Prepayments #BadDebts #AATLevel3