Accrual and prepayment

This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
September 18, 2021 at 4:11 pm #635984
Ashutosh770
Participant
- Topics: 9
- Replies: 10
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
September 19, 2021 at 9:07 am #636003
John Moffat
Keymaster
- Topics: 57
- Replies: 54857
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.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.