Journalise the following adjustments and record them (and any opening balances) in ledger accounts. Show clearly any
Question:
Journalise the following adjustments and record them (and any opening balances) in ledger accounts.
Show clearly any transfers to the profit and loss account. You should assume that the financial year of the business is 1 January to 31 December.
(a) A vehicle shown in the books at cost of $40,000, less accumulated depreciation of $20,000, was sold for $18,000.
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Related Book For
Accounting For Business Students
ISBN: 9781488616570
1st Edition
Authors: Peter Atrill, Eddie Mclaney, David Harvey
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