Flyers Ltd has a year-end of 31 March 2022. During the year it paid £1,700 for rent. At the start of the year, it had an accrual of £400 and at 31 March 2022 had prepaid £250 of rent in respect of the year starting 1 April 2022. What is the charge to the income account for the year ended 31 March 2022? a) £2,050 b) £1,050 c) £1,650 d) £2,200

Flyers Ltd has a year-end of 31 March 2022. During the year it paid £1,700 for rent. At the start of the year, it had an accrual of £400 and at 31 March 2022 had prepaid £250 of rent in respect of the year starting 1 April 2022. What is the charge to the income account for the year ended 31 March 2022? a) £2,050 b) £1,050 c) £1,650 d) £2,200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

What is the charge to the income account for the year ended 31 March 2022?

a) £2,050
b) £1,050
c) £1,650
d) £2,200

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