Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1 The following information was taken from the books of MLOCHIE CC on 30 June 2017, the end of the financial year: PREADJUSTMENT TRIAL BALANCE
1 The following information was taken from the books of MLOCHIE CC on 30 June 2017, the end of the financial year: PREADJUSTMENT TRIAL BALANCE OF MLOCHIE CC ON 30 JUNE 2017 FOL DEBIT CREDIT BALANCE SHEET ACCOUNTS SECTION Members contribution: Malatji 184 500 00 Paseka 184 500 00 Vehicle 534 000 00 Accumulated depreciation: Vehicle 332 528 00 Machinery 355 668 00 Accumulated depreciation: Machinery 148 308 00 Inventory 460 956 00 Bank 20 904 00 Petty cash 1 500 00 Cash float 2 106 00 Debtors control 54 000 00 Creditors control 70 092 00 Mortgage bond: (10%) 297 000 00 Investment: VBS Bank (12%) 237 000 00 NOMINAL ACCOUNTS SECTION Sales 958 380 00 Cost of
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started