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What are the amounts included in prepayment s for these expenses as at 28 February 2011 and 2012?

What are the amounts included in prepayment s for these expenses as at 28 February 2011 and 2012?

FINANCIAL ACCOUNTING
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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Patience pays subscription to a business trade association annually in advance. The subscription is due 30 September every year, to cover I year running from the 1 October. Patience’s accounting years runs from 28 February.

The subscription paid in September 2010 and 2011 are as follows:

2010        £644

2011       £ 796

 

What are the amounts included in prepayment s for these expenses as at 28 February 2011 and 2012?

                                                              

  a.

2011-£268, 2012 -£332                                           
  b.

2011-£376, 2012 -£464  
  c.

2011-£376, 2012 -£332                   
  d.

2011-£268, 2012 -£464         
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