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Please help me i will give good rating Q3. (a) The Statement of Financial Position of Sunflower Enterprise as at 30 June 2020 shows the
Please help me i will give good rating
Q3. (a) The Statement of Financial Position of Sunflower Enterprise as at 30 June 2020 shows the following information RM Vehicles at cost 618,500 -) Accumulated depreciation 324,260 294,240 The following transactions took place during the year ended 30 June 2021: (2) 23. (a) (Contimied) (1) Purchases of vehicles (by cheque): 30 September 2020 Delivery van: RM86,000 31 October 2020 Sales manager's car: RM107.000 28 February 2021 Lory: RM40.000 Sales of vehicles: 31 October 2020 Car RM3,000, originally cost RM28,000 31 December 2020 Tractor RM5,400, originally cost RM24,000 31 March 2021 Van RM4,200 originally cost RM19,000 The car was originally purchased on 1 July 2016, the tractor on 30 November 2017 and the van on 1 April 2018. The company's policy is to provide depreciation at a rate of 20% per anmm on cost using yearly basis in the year of acquisition and none in the year of disposal REQUIRED: Prepare the following accounts for the year ended 30 June 2021: (1) Vehicles account Accumulated depreciation for vehicles account. Disposal of vehicles account. (11Step by Step Solution
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