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...
European integration is the process of political, legal, economic (and in some cases social and cultural) integration of European states as it has been pursued by the powers sponsoring the Council of Europe since the end of World War II The European Union has been the focus of economic integration on the continent since its foundation in 1993.