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Osborne: TASK 5.5 and 5.6







Can anyone kindly explain how did they calculate the prepaid expense here?

Comments

  • Pian32Pian32 Registered Posts: 214
    Line about the bank summary. Included in this figure is £2250 for the quarter ended 31 May 20-7. 2 months of this is after the year end therefore prepayment. 2250/3*2 =£1500
    AAT Level 4, MAAT
    ACCA in progress
    F4- Passed Aug 2020
    F6- Sitting September 2020
    akmalmakhkamov
  • akmalmakhkamovakmalmakhkamov Registered Posts: 7
    Pian32 said:

    Line about the bank summary. Included in this figure is £2250 for the quarter ended 31 May 20-7. 2 months of this is after the year end therefore prepayment. 2250/3*2 =£1500

    Thanks
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