Accounting 0452 · IGCSE · Other payables and other receivables

Other payables and other receivables — practice question

On 1 January 2022, the electricity account showed a credit balance of $800. Total payments during the year were $4900. By 31 December 2022, an additional $1800 of electricity had been consumed since the most recent invoice was settled. What is the charge to the income statement for electricity for the year 2022?

  • A$2300
  • B$5900
  • C$6700
  • D$7500

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