The following information relates to Astley for the year to 30 November 2011:

Required:
(a) Calculate the charge to the profit and loss account for the year to 30 November 2011 for each of the above items.
(b) Demonstrate what amounts for accruals and prepayments would be shown in the balance sheet as at 30 November2011.

Transcribed Image Text:

Cash paid during the year to 30 November 2011 As at 1 December 2010 Accruals/ Prepayments As at 30 November 2011 Accruals/ Prepayments Item 26 400 40 100 25 000 16000 3 000 Electricity 5 200 8 300 4 900 14 000 Insurance Rates Telephone 12 000 4 000 6 000 1500 1800