The statement of profit or loss
. A company has a financial year end of 31 December 2021. At 31 December 2020, the company had a prepayment for rates expenditure of £1,000. On 1 April 2021, the company paid rates of £4,500 for the 12 months to 31 March 2022. What expense should the company recognize in respect of rates in its statement of profit or loss for its financial year to 31 December 2021?

. A company has a financial year end of 31 March 2022. At 31 March 2021, the company had an accrual for electricity of £500. During the year to 31 March 2022, the company paid electricity bills of £1,500, £1,350, £1,100 and £1,750. At 31 March 2022 the directors estimated that they had a liability for electricity used but not invoiced to the company of £750. What is the expense charge for electricity that the company should recognize in its statement of profit or loss for the year 1 April 2021 to 31 March 2022?

. A company has a financial year end of 30 June 2022. At 1 July 2021, the company had a prepayment for gas of £1,000. During the year, the company paid bills totalling £6,000. At 30 June 2022, the directors estimated that the cost of the gas used but not invoiced to the company was £1,200. What is the expense charge for gas that the company should recognize in its accounts for the year 1 July 2021 to 30 June 2022?

. A company has a year end of 30 September 2022. At 1 October 2021, the company had an accrual for its telephone costs of £600. During the year, bills amounting to £7,500 were paid but, due to an error on the telephone operator's accounting system, the company had a prepaid telephone expense at 30 September 2022 of £1,000. What is the expense charge for telephone costs that the company should recognize in its accounts for the year 1 October 2021 to 30 September 2022?