Kaplan - Accruals & Prepayments

Robert Ormrod
Robert Ormrod Registered Posts: 5 Regular contributor ⭐ ? ⭐
Helloo...

Can someone tell me where the *970* came from.

Electricity Account

Cash paid during the year 950 - Balance b/d open accrual 200
Balance c/d closing accrual 220 - P&L Account 970

1170 - 1170
Balance b/d 220



Its from the 2.3 Example.


Thanks
rob

Comments

  • oakley
    oakley Registered Posts: 73 ? ? ?
    I dont have a copy of the example, but the 970 should be as follows

    P&L
    opening accrual reversal -200
    paid in year 950
    closing accrual 220

    Total 970
  • Robert Ormrod
    Robert Ormrod Registered Posts: 5 Regular contributor ⭐ ? ⭐
    oooh you take away the accural..!
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