Income statement, Accounting Basics

Assignment Help:

A company pays rates annually/yearly in advance on 1 April every year. $4000 is paid by them on 1 April 2009 and $4800 on 1 April year 2010. The company's accounting year end is 31 December.  

What is the charge for rates in the 2010 income statement?

a) $4000 

b) $4200 

c) $ 4600 

d)$4800


Related Discussions:- Income statement

Prepare a multi-level income statement and single step, how do i prepare a ...

how do i prepare a multilevel and single step income statement

Project, Instructions: 1. Using the journal entry sheet provided, record t...

Instructions: 1. Using the journal entry sheet provided, record the transactions for January. January is the first full month of operations. 2. After journalizing the transactio

Give the journal entry to correct scranton''s books , On 11/1/05 the Scrant...

On 11/1/05 the Scranton Electric Company issued a check in the amount of $36,000 to the Fly By Night Insurance Company. The amount represented the total premiums on a liability ins

Traiinng progrum, How to perform a basic accounting training progrum ..

How to perform a basic accounting training progrum ..

Emerging role of accounting, The past of accounting specifies the evolution...

The past of accounting specifies the evolutionary pattern that reflects changing socioecoiom conditions and the enlarged reasons is that accounting is applied. In  the  current  co

Journal, Why to and by using in journal, trading a/c, p&l a/c and ledger?

Why to and by using in journal, trading a/c, p&l a/c and ledger?

Evaluating revenue measure or system, Question : The several evaluative...

Question : The several evaluative criteria for evaluating revenue measure or system are: ? Yield ? Political expediency ? Ease of administration ? Consistency

Analysing and recording process, Analysing and Recording Process Quest...

Analysing and Recording Process Question A friend knows that you are studying the Business Accounting 1 course, so he approaches you and enquires about the steps of the ana

Adjustments for financial reporting, Adjustments for financial reporting ...

Adjustments for financial reporting - Explain the basic characteristics of the cash basis and the accrual basis of accounting. - Recognize the reasons why adjusting entries

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd