Payables and Cash Management - EBS (MOSC)

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Prepayments

edited Jul 1, 2013 9:08PM in Payables and Cash Management - EBS (MOSC) 3 commentsAnswered ✓
There are 2 types of prepayments (1) temporary and (2) permanent. You can only apply invoices to temporary, my question how do you "liquidate"  the permanent prepayment?.  Also, in prepayment invoices, what is normally the debit account?. Will it be  balance sheet account?

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