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Mr. Chang nofad-that in the month of December, he has paldepererofl advance to his cleaning contractor. This amount wif be santied sgainet future tils that his contractor raises for his services in the next yoar, The accounting year of Mr Chang'b business ends on 31 it Decembec. Mr. Cheng shouldecord this as an expense for the current year in income statement b. No record is nededed as nouther the bill has been recelved nor the payment has boen made Fecord as expense in income statement and a current liability in the balance sheot d. Only record it as a current asset in the balance sheet at. Moving to arvother question will save this respense. Mr. Chang noted that in the month of December, he has paid E2,000 in advance to his cleaning contractor. This amcunt will be saebd againar future bils that his contractor raises for his services in the next year. The accounting year of Mr Chang's business ends on 31 st Decanber. Mr. Chang ahould- Record this as an expense for the current year in income statement b. No record is needed as neither the bill has been received nor the payment has been mado Pecord as expense in income statement and a current liablity in the balance sheet d. Only record it as a current asset in the balance sheet is. Moving to another question will save this response, ic it unthn 12 ard Mr. Chang noted that in the month of December, he has paid 2,000 in advance to his cleaning contractor. This amount wir be settiled againat sulire bibe that his contractor raises for his services in the next year. The accounting year of Mr Chang's business ends on 315t Docimber, Mr. Chang shoulf . Record this as an expense for the current year in income statement b. No record is needed as neither the bill has been received nor the payment has been made c. Record as expense in income statement and a current liability in the balance sheet d. Only record it as a current asset in the balance sheot Moving to another question will stwe this response. Mr. Chang nofad-that in the month of December, he has paldepererofl advance to his cleaning contractor. This amount wif be santied sgainet future tils that his contractor raises for his services in the next yoar, The accounting year of Mr Chang'b business ends on 31 it Decembec. Mr. Cheng shouldecord this as an expense for the current year in income statement b. No record is nededed as nouther the bill has been recelved nor the payment has boen made Fecord as expense in income statement and a current liability in the balance sheot d. Only record it as a current asset in the balance sheet at. Moving to arvother question will save this respense. Mr. Chang noted that in the month of December, he has paid E2,000 in advance to his cleaning contractor. This amcunt will be saebd againar future bils that his contractor raises for his services in the next year. The accounting year of Mr Chang's business ends on 31 st Decanber. Mr. Chang ahould- Record this as an expense for the current year in income statement b. No record is needed as neither the bill has been received nor the payment has been mado Pecord as expense in income statement and a current liablity in the balance sheet d. Only record it as a current asset in the balance sheet is. Moving to another question will save this response, ic it unthn 12 ard Mr. Chang noted that in the month of December, he has paid 2,000 in advance to his cleaning contractor. This amount wir be settiled againat sulire bibe that his contractor raises for his services in the next year. The accounting year of Mr Chang's business ends on 315t Docimber, Mr. Chang shoulf . Record this as an expense for the current year in income statement b. No record is needed as neither the bill has been received nor the payment has been made c. Record as expense in income statement and a current liability in the balance sheet d. Only record it as a current asset in the balance sheot Moving to another question will stwe this response

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