Accounting Questions 2:

Q.6 Calculate the total to be sent to the P&L for accounts to 31 March 2019. Printing Expenses Bank: 850 Bill for Jan-March 19 (Paid in April 2019): 250 a) 1100 b) 850 c) 400 Q.7 A prepaid expenses is paid a) After the year end b) Before the year end c) None of the above Q.8 Accrued Income is received a) Before the year end b) After the year end c) None of the above Q.9 If an expense account is increased on the P&L, and a current liability is created on the B/S which one of the following has occurred? a) Prepaid Income b) Accrued Expense c) Prepaid Expense d) Accrued Income