Fresco Ltd has a year end of 31 March 2021. During the year it paid £1,700 for rent. At the start of the year it had an accrual of £400 and at 31 March 2021 had prepaid £250 of rent in respect of the year starting 1 April 2022. What is the charge to the income account for the year ended 31 March 2021?

Answer rating: 100% (QA)

To determine the rent charge for the year ended 31 March 2021 we need to calculate the actual rent e... View the full answer