5.11 The following information relates to Astley for the year to 30 November 2004:

Required:

(a) Calculate the charge to the profit and loss account for the year to 30 November 2004 for each of the above items.

(b) Demonstrate what amounts for accruals and prepayments would be shown in the balance sheet as at 30 November 2004.

Transcribed Image Text:

Item Cash paid during the year to 30 November 2004 As at 1 December 2003 Accruals/ Prepayments As at 30 November 2004 Accruals/ Prepayments Electricity 26400 5200 8300 Gas 40100 4900 Insurance 25000 12000 14000 Rates 16000 4000 6000 Telephone 3000 1500 200 Wages 66800 1800 -