Pert Lad has been trading for one year as at 31 December 2021 and during that year the company paid elecariaty bsca00 On 18 January 2022 the company received an electricity bill for the three months to 31 December 20o21 for Eet0pad the bill on 31 January 2022. Its accounts for the year ended 31 December 2021 should showSelect one answer:O A statement of profit or loss charge for electricity of £860 and an accrual of £410 on the statement of financial postionO A statement of profit or loss charge for electricity of £1.270 and a prepayment of £410 on the statement of financial positioeO A statement of profit or loss charge for electricity of £1.270 and an accrual of £410 on the statement of financial positonO A statement of profit or loss charge for electricity of E860 and a prepayment of £410 on the statement of financial position

The accrued expenses are the expenses which are incurred but not paid yet.

Pert Lad has been trading for one year as at 31 December 2021 and during that year the company pad elecaoty s CR00. On 18 January 2022 the company received an electricity bill for the three months to 31 December 2021 tor EG pad the bill on 31 January 2022. Its accounts for the year ended 31 December 2021 should show Select one answer: O A statement of profit or loss charge for electricity of £860 and an accrual of C410 on the statement of financial postion O A statement of profit or loss charge for electricity of £1.270 and a prepayment of E410 on the statement of financal postoe O A statement of profit or loss charge for electricity of £1,270 and an accrual of £410 on the statement of financial position O A statement of profit or loss charge for electricity of E860 and a prepayment of £410 on the statement of financial poston

Pert Lad has been trading for one year as at 31 December 2021 and during that year the company pad elecaoty s CR00. On 18 January 2022 the company received an electricity bill for the three months to 31 December 2021 tor EG pad the bill on 31 January 2022. Its accounts for the year ended 31 December 2021 should show Select one answer: O A statement of profit or loss charge for electricity of £860 and an accrual of C410 on the statement of financial postion O A statement of profit or loss charge for electricity of £1.270 and a prepayment of E410 on the statement of financal postoe O A statement of profit or loss charge for electricity of £1,270 and an accrual of £410 on the statement of financial position O A statement of profit or loss charge for electricity of E860 and a prepayment of £410 on the statement of financial poston

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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