A Transporters Trial Balance at year-end on 31 December 2010 reports the balance in the Motor vehicle

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A Transporter’s Trial Balance at year-end on 31 December 2010 reports the balance in the Motor vehicle maintenance account as £216,500. This amount includes £27,000 paid on 1 August 2010 for servicing the fleet of vehicles over three years from that date. The amounts to be expensed in 2010 and reported as prepaid as at the year-end are:

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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