Problem
A firm receives an annual statement for its electricity in arrears on 31 December covering the period 1 January to 31 December as follows:
|
|
£
|
|
31 December 20X7
|
2 700
|
|
31 December 20X6
|
2 550
|
|
31 December 20X5
|
2 250
|
What will be the electricity expense (to the nearest £) charged in its Statement of Profit or Loss for the year ended 30 April 20X7?