Acca financial Accounting (FA) Study Text ac ca (FA)

Amount 

Relating to 

Data paid 

$260 

q.e. 31 March 20X4 

15 April 20X4 

$220 

q.e. 30 June 20X4 

17 July 20X4 

$210 

q.e. 30 September 20X4 

14 October 20X4 

$230 

q.e. 31 December 20X4 

19 January 20X5 

Tony always accrues for expenses based on the last bill. 

What was the charge to the statement of profit or loss in respect of 

light and heat for the 15-month accounting period ended 31 March 

20X5? 

$________ 

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PRACTICE QUESTIONS 

470

 

KAPLAN PUBLISHING

 

31  Stationery paid for during the year amounted to $1,350. At the end of the 

year, inventory costing $70 had been received but not yet invoiced by the 

supplier. At the start of the year, there was an accrual for unpaid stationery 

for $80. 

What was the expense for stationery included in the statement of 

profit or loss for the year? 

$________ 

Irrecoverable debts and allowances for receivables 

32  At 30 April 20X5, Gareth had a receivables balance of $50,000 and an 

allowance for receivables of $800. Following a review of receivables, 

Gareth wishes to write off an irrecoverable debt of $1,000 and increase 

the allowance for receivables by $1,650.