Use the following information to answer the questions below.
Extracts from the books of a firm as at June 30, 2012 showed the following balances.
Advertising was paid by cheque covering 12 months installments ending March 31 2012. Electricity was paid by cash covering 15 monthly installments from March 1, 2011.
What was the amount charged to the profit and loss account in respect of advertising for the ended June 30 2012 is_____?
A GH¢ 36,000
B GH¢ 30,000
C GH¢ 27,000
D GH¢ 24,000
Answer is A
