Use the following information to answer the questions below. Extracts from the books of a firm as at June 30, 2012 showed the following balances. \(\begin{a...

Question 1 Report

Use the following information to answer the questions below.
Extracts from the books of a firm as at June 30, 2012 showed the following balances.

\(\begin{array}{c|c}
& \text{Dr GH¢} & \text{Cr GH¢} \\
\hline Advertising & 36,000 & - \\
\hline
Electricity & 60,000 & -
\end{array}\)

Advertising was paid by cheque covering 12 months installments ending March 31 2012. Electricity was paid by cash covering 15 monthly installments from March 1, 2011.

What was the amount charged to the profit and loss account in respect of advertising for the ended June 30 2012 is_____?

Download The App On Google Playstore

Everything you need to excel in JAMB, WAEC & NECO

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
Thousands of JAMB, WAEC & NECO Past Questions
Over 1200 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning