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Q: The year end Of Mud Co. is 30 Nov 20X4 . The Company pays for its gas by a standing order of $600 per month. On 1 Dec 20X3, the statement from the gas supplier showed that Mud Co. had overpaid by $200.
Mud Co. received gas bills for the four quarters commencing on 1 Dec 20X3 and ending on 30 Nov 20X4 for $1,300, $1,400, $2,100 and $2,000 respectively.A) $6,800
B) $7,000
C) $7,200
D) $7,400Sir, I am Confused by the Statement.
Which statement are you confused about?
You have not said what the question is asking for!(and why are you attempting questions for which you do not have an answer – you should be using a Revision Kit from one of the ACCA approved publishers. They have answers and explanations.)
Tell me what the question requires and then I will help you.
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