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Flowers Limited is preparing accounts for the year ended 31st December 2018. They paid 1,000 out of their bank account for electricity during 2018. The

Flowers Limited is preparing accounts for the year ended 31st December 2018. They paid 1,000 out of their bank account for electricity during 2018. The latest electricity bill paid was for the two months October-November 2018 and amounted to 500. A bill for the same amount has since been received for the period December 2018-January 2019. What is the electricity expense figure to be recognised in the Statement of Profit or Loss for the year ended 31st December 2018?

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