A company pays rates annuallyyearly in advance on 1 april, Ask an Expert

Accounting

A company pays rates annually/yearly in advance on 1 April every year. $4000 is paid by them on 1 April 2009 and $4800 on 1 April year 2010. The company's accounting year end is 31 December.

What is the charge for rates in the 2010 income statement?

a) $4000

b) $4200

c) $ 4600

d)$4800

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9521691

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