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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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