Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

A company has an accounting year-end of 31 October. The table below gives the telephone invoice that the company received on 2 December for the 3 months ending 30 November. telephone calls to 30 November: $1041 rental of equipment for the period from 1 September to 30 November: $156 Which accrual should the company recognise in the financial statements for the financial year ending 31 October?

  • A$399
  • B$798
  • C$1093
  • D$1197

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