Gladstone paid ​£11,598 for petrol during the current year. At the beginning of the​ year, ​£833 was owing for petrol​, and at the end of the​ year, ​£1,449 was owing for

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Gladstone paid
​£11,598
for
petrol
during the current year. At the beginning of the​ year,
​£833
was owing for
petrol​,
and at the end of the​ year,
​£1,449
was owing for
petrol.
 
How much would be shown as the
petrol
expense in the income statement for the current​ period?
 
 
 
 
A.
The
petrol
expense is
£13,880
 
B.
The
petrol
expense is
£9,316
 
C.
The
petrol
expense is
£12,214
 
D.
Cannot be determined from the data given
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