»Activity 5.8 business ends on 30 June each year. Required July 2018 (exclude narrations). 2. Complete the following accounts in the General Ledger: Vehicles (5 lines) Accumulated depreciation on vehicles (5 lines) Asset disposal (4 lines) Profit or loss on sale of asset (2 lines). 3. Analyse the transaction on the accounting equation. Information The following balances appeared, amongst others, in the books or b00e on 30 June 2018, the last day of the previous financial year: Vehicles at cost R325 000 Accumulated depreciation on vehicles R157 000 n credit, Transaction: Dunt is e in the to J Johns, an employee, for R14 000 on credit.

»Activity 5.8 business ends on 30 June each year. Required July 2018 (exclude narrations). 2. Complete the following accounts in the General Ledger: Vehicles (5 lines) Accumulated depreciation on vehicles (5 lines) Asset disposal (4 lines) Profit or loss on sale of asset (2 lines). 3. Analyse the transaction on the accounting equation. Information The following balances appeared, amongst others, in the books or b00e on 30 June 2018, the last day of the previous financial year: Vehicles at cost R325 000 Accumulated depreciation on vehicles R157 000 n credit, Transaction: Dunt is e in the to J Johns, an employee, for R14 000 on credit.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter3: Accrual Accounting

Section: Chapter Questions

Problem 35BE

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