Osborne: TASK 5.5 and 5.6







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

Comments

  • Pian32Pian32 Posts: 90Registered
    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
    akmalmakhkamov
  • akmalmakhkamovakmalmakhkamov Posts: 4Registered
    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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