[seolinmin]

I thought
They should have debited cash received of $19,000 in control account, bit they have only debited it with 9,100.

Why cash received should be credited? Cash received means increase of asset, so my confusion come from here.

[seolinmin]

I watched your free course but still hard to understand it. What does ‘the accrual last year was wrong’ mean exactly?

[seolinmin]

Thank you for your help. You really help me a lot.

Could you explain one more thing?

The electricity account for the year ended 30 June 20X1 was as follows.

Opening balance for electricity accrued at 1 july 20×0 $300

Payments made during the year
1 August 20×0 for three months to 31 July 20×0 $600
1 November 20×0 for three months to 31 October 20×0 $720
1 February 20×1 for three months to 31 January 20×1 $900
30 June 20×1 for three months to 30 April 20×1 $840
1 August 20×1 for three months to 31 July 20×1 $840

Which one is the following is the appropriate entry for electricity?
Answer is:
Accrued at 30 june 20×1 $560
Charge to SPL year ended 30 june 20×1 $3,320

I calculated total expenses for the year like this: 200(only for July 20×0) + 720 + 900 + 840 + 560(only for May&June) = $3,220

But how can I get the answer for accrued and total charge they ask me?

[Author]

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