In: Accounting
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 |
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