The statement of profit or loss
. A company has an accounting year end of 31 December 2021. Rent on its factory premises was paid as follows: 1 December 2020: £3,000 covering the months of December 2020, January 2021 and February 2021; 1 March 2021: £3,300 covering the months of March, April and May 2021; 1 June 2021: £3,600 covering the months of June, July and August 2021; 1 September 2021: £3,900 covering the months of September, October and November 2021; 1 December 2021: £4,200 covering the months of December 2021, January 2022 and February 2022. What is the rent expense that should be recognized for the accounting period 1 January 2021 to 31 December 2021?

. A company's accounting year runs from 1 July 2020 to 30 June 2021. On 1 April 2020, the company paid its annual rates to 31 March 2021 of £12,000. On 1 April 2021, the company paid its annual rates of £15,000 to 31 March 2022. What expense for rates should the company recognize in the accounting year 1 July 2020 to 30 June 2021?

. A company has an accounting year end of 31 December 2021. Rent on its factory premises was paid as follows: 1 March 2021: £3,300 covering the months of December 2020, January 2021 and February 2021; 1 June 2021: £3,600 covering the months of March, April and May 2021; 1 September 2021: £3,900 covering the months of June, July and August 2021; 1 December 2021: £4,200 covering the months of September, October and November 2021; 1 March 2022: £4,500 covering the months of December 2021, January 2022 and February 2022. What is the rent expense that should be recognized for the accounting period 1 January 2021 to 31 December 2021?

. A company with an accounting year end of 31 March 2021 pays its insurance premium every 6 months. On 1 January 2020 the company paid a premium of £4,000. On 1 July 2020 the premium cost had risen to £4,500 for the 6 months to the end of December 2020. On 1 November 2020, the company received a refund on its payment on 1 July 2020 of £800 and on 1 January 2021 paid a premium of £5,000 for the 6 months to 30 June 2021. What is the insurance expense that should be recognized for the accounting year ended on 31 March 2021?

. Lyle Limited has been trading for many years. At 1 July 2020, Lyle Limited owed its suppliers £75,000 for goods received but not paid for. During the year to 30 June 2021, Lyle Limited paid its suppliers £550,000 for goods received. At 30 June 2021 Lyle Limited owed £35,000 for goods received but not yet paid for. What figure should Lyle Limited recognize for purchases from its suppliers for the financial year ended 30 June 2021?