Question: Hi would you be able to explain how to answer these :) Battaash Ltd is preparing its financial statements for the year ended 30 June

Hi would you be able to explain how to answer these :)

Hi would you be able to explain how to answer these :)

Battaash Ltd is preparing its financial statements for the year ended 30 June 2020. During the year Battaash paid insurance of E12,000. Included in this figure was $1,000 which was paid in advance of the following year. The company also paid advertising expenditure of E5,000 during the year. In addition to this payment a further E2,000 advertising expenditure is to be accrued. What is the total expenditure to include in the statement of profit or loss? 16000 What amount should be included as a current asset? Blank 2 What amount should be included as a current liability? Blank 3 (Note - do not include a E sign or a comma in your answers) Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your

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