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What figures should be included in the barletts financial

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Reference no: EM132659126

Details of Barletts insurance policy are shown below:

Premium for year ended 31 march 20x6 paid april 20x5 $10800

premium for year ending 31 march 20x7 paid april 20x6 $12000

Problem 1: What figures should be included in the barletts financial statements for the year ended 30 june 20x6?

       SOCI         SOFP

A $11,100       $9000 prepayment

B $11,700       $9000 prepayment

C $11,100        $9000 accural

Reference no: EM132659126

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