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42. Jeffery's business has paid telephone bills amounting to GHS 21,500 during his financial year, which ended on 30 September 2015. After the year end,
42. Jeffery's business has paid telephone bills amounting to GHS 21,500 during his financial year, which ended on 30 September 2015. After the year end, he receives a bill for the three months ended 31 October 2015 amounting to GHS 6,600. Which of the following is truc? a) The business should accrue GHS 4,400 for telephone expenses at the year end b) The business should accrue GHS 2,200 for telephone expenses at the year end c) The business should accrue GHS 25.900 for telephone expenses at the year end d) The business will have pre-paid telephone expenses of GHS 4,400 at the year end Page 8 of 14
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