Kaplan - Accruals & Prepayments

Robert Ormrod

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

oakley

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

oooh you take away the accural..!