Osborne: TASK 5.5 and 5.6
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akmalmakhkamov
Registered Posts: 7
Can anyone kindly explain how did they calculate the prepaid expense here?
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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 =£1500AAT Level 4, MAAT
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ThanksPian32 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
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