D. Spring has an accounting year ending on 31 December. The following amounts have been paid for electricity:

What amounts for this electricity should appear in Spring's financial statements for the year to 31 December 20X8?

Question

D. Spring has an accounting year ending on 31 December. The following amounts have been paid for electricity:

What amounts for this electricity should appear in Spring's financial statements for the year to 31 December 20X8?

Answer

Electricity expense: £325; Accrual: £70

Answer

Electricity expense: £325; Prepayment: £117

Answer

Electricity expense: £322; Accrual: £117

Answer

Electricity expense: £322; Accrual: £35

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