Cr plc has an accounting year end of 31 december they pay


CR plc has an accounting year end of 31 December. They pay their buildings in annually. The insurance runs from 1 July to 30 June. Payment is made June for the forthcoming year.

In June 2008 they paid $1, 400 In June 2009 they paid $1,000. What will they include as the insurance expense in their profit and loss account for 2009?

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Financial Management: Cr plc has an accounting year end of 31 december they pay
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