有關account 的Accrual and Prepayment

Question

Open the following account and,for the year ended 31 July 2007,enter the payments and make the neccessary year-end adjustments for prepayment or

accruals

Tom paid rates on the premises as follows:

2006 31 August $75 for period 1 August to 30 September 2006

22 October $220 for period 1 October to 31 March 2007

2007 17 April $270 for period 1 April to 30 September 2007

係Prepayment 定係 Accrual 呢?

要開Rates的T Account 要點做?

點解呢?

就考試啦,help me!!!

請用中文答

Answer 1

Favorite Answer

Rates

________________________________________

Dr 個邊咁寫:

2006 $

Aug 31 Bank 75

Oct 22 Bank 220

2007

Apr 17 Bank 270

____

565

====

Aug 31 Prepaid b/d 90

Cr 個邊咁寫:

2007 $

July 31 Profit and Loss 475

31 Prepaid c/d 90

_____

565

===

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