Question: Pollution Focus plc caused some minor pollution in a local river on 29/12/X6. The water authorities would probably not be able to trace the waste

Pollution

Focus plc caused some minor pollution in a local river on 29/12/X6. The water authorities would probably not be able to trace the waste back to Focus plc but the company prides itself on having always cleaned up any pollution for which it is to blame. The estimated cost of the clean-up is 10,000.

The accountant proposes simply charging the 10,000 as an expense in 20X7 when the clean-up work will be done.

State whether you agree with the accountants proposal regarding the matter mentioned above. You should explain your reasons for agreeing or disagreeing and explain any alternative treatments that you believe the accountant should use.

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