Accounting 9706 · AS & A Level · Preparation of financial statements

Preparation of financial statements — practice question

The information below relates to the telephone account for the year ended 31 December 2020. A table gives accruals, prepayments, payments made and amount refunded at 1 January 2020 and 31 December 2020. What was the telephone expense for 2020?

  • A$9500
  • B$17500
  • C$19500
  • D$21500

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