A trader prepares her accounts annually to 31 March 2020. On 13 April 2020 she made a payment of $1500
relating to rent and rates, which covered the three months ending 30 April 2020.
Which of the following should be included in the statement of financial position for the year ended 31 March 2020?
A $500 accrual in the current liabilities
B $500 prepayment
C $1 000 accrual
D $1 000 prepayment
