FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The accountant at S is preparing quarterly accounts for Quarter 3. In Quarter 2, he had accrued $1,600 for
gas and this balance was carried forward to Quarter 3. In Quarter 3, a gas bill of $2,700 was paid. The
accountant has accrued $2,400 for gas in Quarter 3.
What should be the charge for gas in the income statement for Quarter 3?
A $1,900
B $2,400
C $2,700
D $3,500
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