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please show the general ledger of woodhouse traders. with all t accounts also show the revenue at the end and a trial balance created (e)
please show the general ledger of woodhouse traders. with all t accounts
also show the revenue at the end and a trial balance
created (e) Provision for depreciation must still be provided for on vehicles at 20% per annum on the diminishing balance method and on furniture and fittings at 10% per annum on the diminishing balance method. No assets were acquired or disposed of during the year. On 1 October 2019 the owner deposited R50 000 cash into the bank account of the business. The bookkeeper was not sure of the accounts that will be affected by the transaction and he only recorded it in the bank account. (9) Money was deposited in a fixed deposit account at Splinter Bank on 31 December 2018 for only one year. On 31 December 2019 when the investment matured only R40 000 was invested again for another year. The bookkeeper only made entries in the books of Wooden House Traders for the R40 000 that has been received and invested again. No other entries were made for the other R20 000 that was received but has not been invested again. Interest at a rate of 8% per annum must still be provided for on the fixed deposit
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