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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › CBE exam
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
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
it is confusing , thanks
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.