What will be electricity expense charged in its statement


Problem

A firm receives an annual statement for its electricity in arrears on 31 December covering the period 1 January to 31 December as follows:

 

£

31 December 20X7

2 700

31 December 20X6

2 550

31 December 20X5

2 250

What will be the electricity expense (to the nearest £) charged in its Statement of Profit or Loss for the year ended 30 April 20X7?

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Financial Accounting: What will be electricity expense charged in its statement
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