Home For AAT student members AQ 2016 Professional Diploma in Accounting Financial Statements for Limited Companies

KP - Mock - 5b



Hi All!

Can somebody,please help me with the attached question, I have the answer, just don't understand how they got there?

Thank you in advance for your time!

Comments

  • VicvicVicvic Registered, AAT Student Posts: 8
    Is it £4250 ?
  • VicvicVicvic Registered, AAT Student Posts: 8
    Deposit £10,000 + (4x6000) = total £34,000 for 4 years, therefore for 6 months hire it is £4,250.
    Accrued basis
  • ZanaZana AAT Student Posts: 27
    Yes it is, thank you @Vicvic so much for showing me the way how to get to the correct answer!
Sign In or Register to comment.