Skip to content
Sign inRegister

Ask the Tutor ACCA FA

Accrual and prepayment

AAshutosh5y ago
BPP Question no 10.3 - where would 8200 heating cost be applied and i dont know how to calculate the answer ,sir could you explain the answer
John MoffatJohn MoffatTutor5y ago#1
The $8,200 is the inventory of heating oil at the start of the year. The cost of oil used during the year is the opening inventory plus the cost of the oil purchased during the year less the closing inventory.
Sign into reply to this topic.