[abel2017]

Thank you very much sir !
But i dont understand only this question.
Explain all the Current assets and C.Liabilities includings for the year ending 31 december 2008. Please Help.

[abel2017]

Hi, Mr.John.
My question from Dec.2011 Exams.ch.4. Accr.and Prepaym. Qs.1.
I don’t understand why you didn’t add to current.assets the amount 7200 $ of the insuarance prepaid?

1)on 1 jan.2008 the company made a loan of 28 800 to an employee, repayable 1 jan.2009 charging interest 2 % per year. On the due date she paid whole am.of loan and interest.
2) company paid insuarance 21 600 $ in 2008 covering the year ending 31 Avg. 2009.
3) On 1 Jan 2009 the company received rent from a tenant 9600$ covering six months
to 31 Dec.2008
For these items what total figures should be incleded in the Statement of Financial Position at 31 Dec 2008 ?

[abel2017]

Hi, Mr.John.
My question from Dec.2011 Exams.ch.4. Accr.and Prepaym. Qs.1.
I don’t understand why you didn’t add to current.assets the amount 7200 $ of the insuarance prepaid?cc

1)on 1 jan.2008 the company made a loan of 28 800 to an employee, repayable 1 jan.2009 charging interest 2 % per year. On the due date she paid whole am.of loan and interest.
2) company paid insuarance 21 600 $ in 2008 covering the year ending 31 Avg. 2009.
3) On 1 Jan 2009 the company received rent from a tenant 9600$ covering six months
to 31 Dec.2008
For these items what total figures should be incleded in the Statement of Financial Position at 31 Dec 2008 ?

[Author]

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