CIMA BA3 Syllabus C. PREPARATION OF ACCOUNTS FOR SINGLE ENTITIES - Impact on profit and net assets - Notes ^{5 / 20}

	effect on income/expenses	effect on net profit	effect on assets/liabilities
accruals	increases expenses	reduces net profit	increases liabilities
prepayments	reduces expenses	increases net profit	increases assets
prepayments of income	reduces income	reduces net profit	increases liabilities
income accrued	increases income	increases net profit	increases assets