Learning more about the Matching Concept
question
Expenses of £30 have actually been paid for in cash during the period 1 January to 30 June as follows:
                                                                                 £
Period 1.1.19x1 to 30.6.19x1 Transport                 5
Period 1.1.19x1 to 30.6.19x1 Wages                     10
Period 1.1.19x1 to 30.12.19x1 Rent                      12
Period 1.1.19x1 to 30.3.19x1 Electricity                 3
[Amount outstanding 1.4.19x1 to 30.6.19x1 £2].

 What charge to the Profit and Loss account will comply with the matching concept?

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Learning more about the Matching Concept Answer:
The charge for electricity which is matched to the accounting period of 1.1.19x1 to 30.6.19x1 is:-
  3 already accounted for + 2 outstanding = 5.
The charge for rent for the same six month period is:-
 12 divided by 2 (for 6 rather than 12 months) = 6
Therefore the total charge for the six monthsis:-
    5 (transport)+ 10 (wages)+ 6 (rent) + 5 (electricity) = 26
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