Appear in the financial statements


A company incurs gas costs for heating of £12,000 per year, although three-quarters of the annual cost is incurred between January and June. Bills are received quarterly at the end of March, June, September & December and paid two weeks later. What is the accrual at the end of June and where does this appear in the financial statements?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Appear in the financial statements
Reference No:- TGS044947

Expected delivery within 24 Hours