Clara Onstable has prepared her trial balance as at 31 December. She has the following additional information.
Question:
Clara Onstable has prepared her trial balance as at 31 December. She has the following additional information.
(a) She pays £240 rent per month. She has paid £3,600, the whole year’s rent plus three months in advance.
(b) She has paid insurance costs of £480. However, she has paid £120 in advance.
Required:
Prepare the extracts for the final accounts.
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Kirti Kaushal
Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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