=+To cover private use of the car he treats half of the expenses as private and transfers

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=+To cover private use of the car he treats half of the expenses as private and transfers this proportion to his personal Drawings Account.

On 1st January, 1962, he owed £16 for Repairs and had paid Insurance in advance £12. During 1962 he drew cheques to the value of £193 and on 31st December, 1962, he owed £13 for Repairs and had paid Insurance in advance £14.

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Accounting Principles And Practice

ISBN: 9781483169354

1st Edition

Authors: S. Hall, N. Skene Smith

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Question Posted: Sep 19, 2024 07:01 PM

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=+To cover private use of the car he treats half of the expenses as private and transfers

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Accounting Principles And Practice

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