During 2004, B, a limited liability company, paid a total of $60,000 for rent, covering the period from 1 October
2003 to 31 March 2005.
What figures should appear in the company’s financial statements for the year ended 31 December 2004?
Income statement Balance sheet
A $40,000 Prepayment $10,000
B $40,000  repayment $15,000
C $50,000 Accrual $10,000
D $50,000 Accrual $15,000
A Income statement 12/18 x 60,000 = 40,000
Prepayment 3/12 x 40,000 = 10,000 | 
发表于 2008-5-8 14:01
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