Michelle pays her business electricity bills in arrears. On 7 September 2018 she paid the bill relating to June, July and August 2018. This bill amounted to £990. She then paid £1,100 for the three months to 30 November 2018 on 7 December 2018, £1,350 for the three months to 28 February 2019 on 8 March 2019 and £1,000 for the three months to 31 May 2019 on 8 June 2019. The electricity bill for the three months to 31 August 2019 came to £1,020 and was paid on 10 September 2019. Michelle's trading year runs from 1 July to 30 June each year. What was Michelle's electricity expense charge in her statement of profit or loss for the financial year ending 30 June 2019?

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The Answer of Michelle pays her business electricity bills in arrears. On 7 September 2018 she paid the bill relating to June, July and August 2018. This bill amounted to £990. She then paid £1,100 for the three months to 30 November 2018 on 7 December 2018, £1,350 for the three months to 28 February 2019 on 8 March 2019 and £1,000 for the three months to 31 May 2019 on 8 June 2019. The electricity bill for the three months to 31 August 2019 came to £1,020 and was paid on 10 September 2019. Michelle's trading year runs from 1 July to 30 June each year. What was Michelle's electricity expense charge in her statement of profit or loss for the financial year ending 30 June 2019?

Michelle Pays Her Business Electricity Bills in Arrears