1.【答案】A。
解析：An accrual should be made for $20,000 ($60,000/3 months). The double entry to record the accrual in the accounts is：
DEBIT expenses (SPL) $20,000
CREDIT accruals (SOFP) $20,000
This reduces profit from $25,000 to $5,000
An accrual is a liability and so will reduce the net asset position, from $275,000 to $255,000. Remember that net assets = assets - liabilities.
知识点： Accrued income and deferred income
2.【答案】A。
解析：
Original loss (1,552)$
Accrual (1,132)$
Prepayment 715$
Revised loss (1,969)$
知识点： Accruals and prepayments
