Pert Lad has been trading for one year as at 31 December 2021 and during that year the company paid elecariaty bsca00 On 18 January 2022 the company received an electricity bill for the three months to 31 December 20o21 for Eet0pad the bill on 31 January 2022. Its accounts for the year ended 31 December 2021 should showSelect one answer:O A statement of profit or loss charge for electricity of £860 and an accrual of £410 on the statement of financial postionO A statement of profit or loss charge for electricity of £1.270 and a prepayment of £410 on the statement of financial positioeO A statement of profit or loss charge for electricity of £1.270 and an accrual of £410 on the statement of financial positonO A statement of profit or loss charge for electricity of E860 and a prepayment of £410 on the statement of financial position

The accrued expenses are the expenses which are incurred but not paid yet.

Pert Lad has been trading for one year as at 31 December 2021 and during that year the company pad elecaoty s CR00. On 18 January 2022 the company received an electricity bill for the three months to 31 December 2021 tor EG pad the bill on 31 January 2022. Its accounts for the year ended 31 December 2021 should show Select one answer: O A statement of profit or loss charge for electricity of £860 and an accrual of C410 on the statement of financial postion O A statement of profit or loss charge for electricity of £1.270 and a prepayment of E410 on the statement of financal postoe O A statement of profit or loss charge for electricity of £1,270 and an accrual of £410 on the statement of financial position O A statement of profit or loss charge for electricity of E860 and a prepayment of £410 on the statement of financial poston

Pert Lad has been trading for one year as at 31 December 2021 and during that year the company pad elecaoty s CR00. On 18 January 2022 the company received an electricity bill for the three months to 31 December 2021 tor EG pad the bill on 31 January 2022. Its accounts for the year ended 31 December 2021 should show Select one answer: O A statement of profit or loss charge for electricity of £860 and an accrual of C410 on the statement of financial postion O A statement of profit or loss charge for electricity of £1.270 and a prepayment of E410 on the statement of financal postoe O A statement of profit or loss charge for electricity of £1,270 and an accrual of £410 on the statement of financial position O A statement of profit or loss charge for electricity of E860 and a prepayment of £410 on the statement of financial poston

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 10EB: Starlight Enterprises has net credit sales for 2019 in the amount of $2,600,325, beginning accounts...

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