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At 1 January 2017 Crimson Limited had prepaid heating expenses of 500. During 2017 the business paid 10,000 for heating. At 31 December 2017 the
At 1 January 2017 Crimson Limited had prepaid heating expenses of 500. During 2017 the business paid 10,000 for heating. At 31 December 2017 the amount owing in respect of heating expenses was 1,200. What figure should appear for heating expenses in the business' statement of profit or loss for the year 2017?- ? 11,700 8,300 9,300 I 10,700
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