WorksheetsCh 7.1 Expense
Total questions: 2
Worksheet time: 60secs
Name
Class
Date
1.
Styloon Professional rents a shop to provide hair styling services to its customers. Its rental expense paid by cheques during the year ended 31 December 2022 was $60 000. $12 000 of the amount paid was for rental in January 2023. Calculate the rental expense incurred for the year ended 31 Dec 2022.
a)
$60 000
b)
$48 000
c)
$12 000
d)
$72 000
2.
Simon started an advertising business. For the year ended 30 April 2022, he paid his staff salaries worth $3000. However, as at 30 April 2022, salaries for his staff worth $6000 were still outstanding.
Calculate the salaries expense incurred for the year ended 30 April 2022.
a)
$3000
b)
$6000
c)
$9000
100 %
