- More Info Rent Payable Repairs And Renewals Motor Running Expenses Rent Receivable Interest Payable Telephone And Postag 1 (116.57 KiB) Viewed 10 times
Further information relating to the business during its first
year of operations is as follows:
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(Click here to view the information.)
Fill in any missing figures in the table and then
calculate:
1.
The operating profit for the year.
2.
The profit for the year.
3.
The total prepayments figure appearing in the statement of
financial position at the end of the year.
4.
The total accruals/deferred revenue figure appearing in the
statement of financial position at the end of the year.
(Fill in the relevant cells with its corresponding
figures.)
Question content area bottom
Part 1
Relating to period
At end of period
Paid/Received
Expense/Revenue
Prepaid
Accruals/Deferred
for period
revenues
£
£
£
£
Rent payable
17,500
1,800
Repairs and renewals
9,200
11,300
Motor running expenses
14,800
14,200
Rent receivable
8,000
5,800
Interest payable
22,600
1,500
Telephone and postage
9,500
1,200
Software subscriptions
1,400
400
Part 2
Operating profit
=
£
Part 3
Profit for the year
=
£enter your response here
Part 4
Total prepayments
=
£
Part 5
Total accruals/deferred revenues
=
£
More info Rent payable Repairs and renewals Motor running expenses Rent receivable Interest payable Telephone and postage Software subscriptions Relating to period At end of period Paid/Received Expense/Revenue Prepaid Accruals/Deferred for period revenues £ £ £ £ 17,500 1,800 9,200 11,300 14,800 14,200 8,000 5,800 22,600 1,500 9,500 1,400 Print Done 1,200 400 X