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Simon Has Been in Business for a Number of Years

question 14

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Simon has been in business for a number of years and has a December year end. He provides you with the following information about his rent, rates and utility bills. Annual rent paid six months in advance on 1st March and 1st September was £1 600 but was increased in September to £1 800. Gas and electricity paid £2300 in year of which £500 related to the last quarter of the previous year before prices went up. Rates which are paid annually in advance were £2400 for the previous rateable year ended 31 March and rose to £2 800 for the current rateable year.
-What should the figure for accruals be?


Definitions:

Dorsal Horns

Regions in the spinal cord where sensory neurons enter and transmit signals to the brain, involved in processing touch, pain, and temperature.

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the brainstem down the back and transmits messages between the brain and the rest of the body.

Neurotransmitters

Chemical substances in the body that transmit signals across a chemical synapse from one neuron (nerve cell) to another target neuron, muscle cell, or gland cell.

Dynorphin

A type of opioid peptide that plays a role in pain, emotion, stress, and addiction processes within the body.

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