Diesel fuel in inventory at 1 November 20X7 was $12,500, and there were invoices awaited for $1,700. During the year to 31 October 20X8, diesel fuel bills of $85,400 were paid, and a delivery worth $1,300 had yet to be invoiced. At 31 October 20X8, the inventory of diesel fuel was valued at $9,800. What is the value of diesel fuel to be charged to the statement of profit or loss and other comprehensive income for the year to 31 October 20X8? A $87,700 B $89,400 C $88,500 D $91,100

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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Diesel fuel in inventory at 1 November 20X7 was $12,500, and there were invoices awaited for

$1,700. During the year to 31 October 20X8, diesel fuel bills of $85,400 were paid, and a delivery

worth $1,300 had yet to be invoiced. At 31 October 20X8, the inventory of diesel fuel was valued at

$9,800. What is the value of diesel fuel to be charged to the statement of profit or loss and other

comprehensive income for the year to 31 October 20X8?

A $87,700

B $89,400

C $88,500

D $91,100

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