Expenses relevant to the accounting period which remain unpaid by the period-end should be: (a) Ignored until
Question:
Expenses relevant to the accounting period which remain unpaid by the period-end should be:
(a) Ignored until they are paid for in the next period
(b) Included with expenses for the period and shown as a liability at the period-end
(c) Deducted from the amount already paid and shown as a liability at the period-end
(d) Included with expenses for the period and shown as an asset at the period-end
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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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