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...
Definition The process by which regional economies, societies, and cultures have become integrated through a global network of communication, transportation, and trade with a broader outlook of an interconnected and interdependent world where the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world