Question

In: Accounting

Please explain in full how to work this problem below. I need a method to calculate...

Please explain in full how to work this problem below.

I need a method to calculate this type of problems. Please help.

Question

The trial balance on 28 February 2013, the end of the financial year, reflected a total of R6 850 for rates expense. This total includes rates for March 2013. If there was a 10% increase in rates with effect from 01 September 2012, the amount that should be reflected as rates in the Profit and loss account is __________.

A

R6 300

B

R6 165

C

R6 323.08

D

none of the above

Solutions

Expert Solution

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