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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Expense Prepayment a £216,500 b £189,500 c £193,250 d £239,750 £27,000 £27,000 £23,250 £23,250
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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