Question
A company's motor vehicles at cost account at 30 June 2018 is as follows: Motor vehicles - cost $ $ Balance b/f 35,800 Disposal 12,000
A company's motor vehicles at cost account at 30 June 2018 is as follows:
Motor vehicles - cost
$ $
Balance b/f 35,800 Disposal 12,000
Additions 12,950 Balance c/f 36,750
48,750 48,750
What opening balance should be included in the following period's trial balance for motor vehicles - cost at 1 July 2018?
(a) $36,750 DR
(b) $48,750 DR
(c) $36,750 CR
(d) $48,750 CR
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Financial & Managerial Accounting
Authors: Jan Williams
16th Edition
78111048, 978-0078111044
