Financial statements question- Am i being thick

mamfamonkey

Question is for year ended December 20X9:

Invoice for electricity for the quarter ended February 20y0 was received in March for £1,800. It accrues evenly over the quarter. 50% is included in cost of sale and 50% in admin expenses.

How much would you do an accrual for in cost of sales and admin expenses?

wabisabi

One third (£600) relates to financial year ending Dec 20X9

50% x £600 = £300 each for CoS and admin expenses

mamfamonkey

Thanks for answering Wabisabi. Can you explain that to me because i just cant see it. Think i've frazzled my brain

mamfamonkey

Just answered my own question. Thanks