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monyneath

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  • July 5, 2017 at 7:57 am #394723
    Avatarmonyneath
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    The year end of M Co is 30 Nov. 20X0. The company pays for its gas by a standing order of $600 per month. On 1 Dec. 20W9, the statement from the gas supplier showed that M Co had overpaid by 200$. M Co received gas bills for the four quarterSeasons commencing on 1 Dec. 20w9 and ending on 30 Nov. 20×0 for 1300, 1400, 2100, 2000 respectively.

    Which of the following is the correct charges for gas in M Inc’s statement of profit or loss for the year ended 30 Nov. 20×0?
    Is the answer equal $6800. Can you please explain this??

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