Hello, everyone. I'm so confused with the following paragraphs. Could you help me to explain these two paragraphs? Thank you, some expenses (for May and June 2022) were incurred by the end of the 2021-2022 financial year but were not paid or processed in the accounts until after 30 June 2022 (in April 2023); thus they require a balance day adjustment. This is referred to as an expense accrued. an expense has been paid or processed in the accounts before 30 June 2023 (in September 2022), but a portion of that payment relates to several months beyond 30 June 2023 (July to September 2023). That is , it has not yet been used or consumed as an expense and requires a balance day adjustment. This is referred to as an expense prepaid.

Hi, there! Could you help me to explain the meaning of this sentence? —— “financial statements provide information about an entity's contributions by and distributions to owners in their capacity as owners” Thank you.

there sat a big strong man, sobbing his heart out. Could you help me to explain the meaning of "sobbing his heart out" in the sentence? Thank you.

Hi there! Could you help me to explain the following sentence? I'm so confused about the meaning of it. Does it mean "Goodwill=the amount paid for the business + the fair value of the acquired assets - its liabilities"? Goodwill is the difference between the amount paid for the business and the fair value of the acquired assets less its liabilities.

Hi there! Could you help me to explain the sentence below? Thank you! We are familiar with the document and need to take special care not to read what should be written instead of what is actually on the page.

Hi there! What does the "reconcile" mean in the following sentence? This should now reconcile back to the accounts payable ledger.

Hi there! What's the meaning of "tick against" and "tick from" in the following sentences? Thank you! A: Remittance advice from P Alfred received by J Petersen, after ticking against entries in the accounts receivable listing of P Alfred B: extract from J Petersen's accounts receivable ledger after ticking from the remittance advice

Hi there! Could you help me to explain the following sentence? What does " within 30 days of the end of that month." mean in the following sentence? Does it mean " within 30 days before the end of that month" or "within 30 days after the end of that month"? The customer is to pay for sales made during the month within 30 days of the end of that month.

Hello! Could you help me to explain the following sentence? 5% discount allowed if the invoice is paid by the end of the current month or net 30 days from the end of the month when the INVOICE was sold by D Teale. PS: What's the meaning of 'INVOICE' in 'when the INVOICE was sold by D Teale'? Thank you! ; )