Determine the amount chargeable to profit and loss account for electricity from the data below
Opening balance \( 40,000\)
Paid during the year \(N240.000
Closing balance N100,000
Opening balance \( 40,000\)
Paid during the year \(N240.000
Closing balance N100,000
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Correct Answer: Option C
Explanation:
Electricityal. b/d
\begin{array}{l}
\((40,000)\) \\
\(240.000\) \\
\hline 200,000 \\
\(100.000\) \\
\hline 100,000 \\
\hline
\end{array}
Electricityal. b/d
\begin{array}{l}
\((40,000)\) \\
\(240.000\) \\
\hline 200,000 \\
\(100.000\) \\
\hline 100,000 \\
\hline
\end{array}