Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

III Vehicles Plant and equipment Stationery Insurance expenses Interest expenses R 460 000 185 000 1510 Time le 7 500 6 000 Trade receivables

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

III Vehicles Plant and equipment Stationery Insurance expenses Interest expenses R 460 000 185 000 1510 Time le 7 500 6 000 Trade receivables control Water and electricity Depreciation (Vehicles) Salaries Drawings Inventory 27 300 8.600 21 500 90 260 15 000 27.000 Drawings Inventory Cost of sales Capital 15.000 27 000 320 000 458 250 620 000 Tim Sales Bank (Favourable balance) 8 000 Loan: Nice Bank 75 000 Rent expenses 18 400 Trade payables control 21 320 Accumulated depreciation: Vehicles 15 000 Accumulated depreciation: Plant and equipment 6 500 The accounting equation (A = E + L) can be expressed as ... Instructions: 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Round off to the second decimal after the full stop (eg: 50.56) Time left 0:55:08 3. A decrease in an amount must be indicated by using a negative sign in front of the amount (eg: -1000.01) 4. An increase must be indicated by the amount without any sign (eg: 1000.01) Please note: Only include the total amount for assets, equity and liabilities in the table provided. Please note: Only include the total amount for assets, equity and liabilities in the table provided. Assets = R Equity + R Time left 0:55:06 Lial R

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Foundations and Evolutions

Authors: Michael R. Kinney, Cecily A. Raiborn

8th Edition

9781439044612, 1439044619, 978-1111626822

More Books

Students also viewed these Accounting questions