A business has an accrual for electricity at 1 January 20X7 of £215 and has paid electricity bills of £3,420 during the year to 31 December 20X7. At 31 December20X7 there is an accrual for electricity of £310. The electricity charge in the SOPL/income statement for the year ended 31 

December 20X7 is Select one: 

a. £2,895

b. £3,325

c. £3,515

d. £3,9453,

A business has opening inventory of £7,200 and closing inventory of £8,100.Purchases for the year were £76,500, carriage inwards was £50 and carriage outwards was £180. The amount for cost of sales