A business started its year owing 4,000 for electricity. During the year it paid electricity bills totalling

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A business started its year owing £4,000 for electricity. During the year it paid electricity bills totalling £24,000 but owed £5,000 by the end of the period. What will be the figure transferred to the income statement for electricity?

a. £33,000

b. £15,000

c. £23,000

d. £25,000

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Introduction To Accounting And Finance

ISBN: 9780273711629

2nd Edition

Authors: Geoff Black

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Question Posted: May 31, 2024 03:09 AM

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A business started its year owing 4,000 for electricity. During the year it paid electricity bills totalling

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Introduction To Accounting And Finance

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