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A business has taken out an annual licence at a cost of 4,496 which covers the period 01/08/X1 to 31/07/X2. Their year end is

A business has taken out an annual licence at a cost of 4,496 which covers the period 01/08/X1 to 31/07/X2. Their year end is 28/02/X2. What is the value of the prepayment adjustment required at 28/02/X2? (Round to the nearest whole number) (Enter the value with no sign, comma or decimal places) Answer:

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