Debit Credit

Buildings 520,000

Vehicles 170,000

Loan 234,000

a. Depreciation is to be provided as follows:

a.Buildings 12.5% on cost;

b. Vehicles 20% reducing balance.

b. The interest on the loan is 7.5% per annum and this has not yet been paid at the year end.

Please prepare T accounts, Ledgers, Statement of Comprehensive account and Statement of Financial Position.