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On 28 February 20.1, the end of its financial year, BD Dealers' water and electricity account shows expenses of R3 500. On closer examination
On 28 February 20.1, the end of its financial year, BD Dealers' water and electricity account shows expenses of R3 500. On closer examination BD Dealers accountant establishes that the February water and electricity account of R500 has not been taken into account. Debit the accrued expenses account with R4 000 and credit the water and electricity account with R4 000. Debit the accrued expenses account with R500 and credit the water and electricity account with R500. Debit the water and electricity account with R4 000 and credit the accrued expenses account with R4 000. Debit the water and electricity account with R500 and credit the accrued income account with R500. Debit the water and electricity account with R500 and credit the accrued expenses account with R500.
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