Details of a company’s insurance policy are shown below:
Premium for year ended 31 March 2006 paid April 2005 $10,800
Premium for year ending 31 March 2007 paid April 2006 $12,000
What figures should be included in the company’s financial statements for the year ended 30 June 2006?
Income statement Balance sheet
$ $
A 11,100 9,000 prepayment (Dr)
B 11,700 9,000 prepayment (Dr)
C 11,100 9,000 accrual (Cr)
D 11,700 9,000 accrual (Cr) A | 
发表于 2008-4-24 21:58
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