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Homework answers / question archive / Shortly after the end of an accounting period, a business receives an invoice for annual insurance to 31 August 2017 for 9,000

Shortly after the end of an accounting period, a business receives an invoice for annual insurance to 31 August 2017 for 9,000

Accounting

Shortly after the end of an accounting period, a business receives an invoice for annual insurance to 31 August 2017 for 9,000. If the accounting period ended of 30 November 2016, what is the required accrual or prepayment?

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