Osborne: TASK 5.5 and 5.6







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

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  • Pian32
    Pian32 Registered Posts: 474 Dedicated contributor 🦉
    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
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  • akmalmakhkamov
    akmalmakhkamov 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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