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what is accounting

Accounting is the process of summarising, classifying, analysing financial statements to enable users of financial information make informed decisions

Answered by Barakat J. • Accounting tutor

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Toyosi paid £6,600 for insurance during the year ended 31/03/2014. The "insurance prepaid" account showed a balance of £390 as at 01/04/2013 and a balance of £450 as at 31/03/2014. Calculate the insurance expense for the year ended 31/03/2014.

what is accounting

Related Accounting A Level answers

how is the income statement (I/S) related to the balance sheet (B/S)

What is depreciation and what are the 2 methods of depreciating non-current assets?

What is an IAS?

Toyosi paid £6,600 for insurance during the year ended 31/03/2014. The "insurance prepaid" account showed a balance of £390 as at 01/04/2013 and a balance of £450 as at 31/03/2014. Calculate the insurance expense for the year ended 31/03/2014.

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