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CBE exam

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › CBE exam

  • This topic has 3 replies, 2 voices, and was last updated 11 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • July 15, 2014 at 10:22 pm #178937
    josy87
    Member
    • Topics: 173
    • Replies: 215
    • ☆☆☆

    Need help with this question.
    electricity accounts for the year ended the 30 June 20X9

    prepayment b/f 550

    cash paid 5400

    accruals c/f 650

    July 16, 2014 at 7:19 am #178981
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54705
    • ☆☆☆☆☆

    You do not say what is required!

    If you want the total expense for the year then it is 550 (paid last year but this years expense) + 5400 (paid this year) + 650 (still owing for this year) = 6600

    July 16, 2014 at 10:06 pm #179033
    josy87
    Member
    • Topics: 173
    • Replies: 215
    • ☆☆☆

    it is confusing , thanks

    July 17, 2014 at 8:40 am #179051
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54705
    • ☆☆☆☆☆

    I hope you are not confused now.

    If you are then I do suggest that you watch my free lecture here on accruals and prepayments.

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