Self-test You are required to complete the following table:

Amount paid/received in year Disclosure in P&L account Salaries 6,000 Rent payable 14,000 Insurance 5,800 Property rates 7,000 Interest payable 4,000 Interest receivable 9,400 You are told that the following accruals had to be allowed for in the above table:

Salaries £5,000 Rates £1,900 Interest payable £1,100 Interest receivable £2,100 In addition the following amounts were prepaid:
Rent payable £2,000 Insurance £1,200