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QUESTION 1 The following information was extracted from the books of Klang Papan Berdaya Maju Berhad as at 30 September 2018 regarding to the purchase
QUESTION 1 The following information was extracted from the books of Klang Papan Berdaya Maju Berhad as at 30 September 2018 regarding to the purchase of Motor vehicles. Kilang Papan Berdaya Maju provides depreciation for its motor vehicles at a rate of 20% per annum using straight-line method on yearly basis. All payments for the purchase of motor vehicles were made by cheques. You are required to prepare: a. The Motor Vehicles account for the year ended 30 September 2018. b. The Accumulated Depreciation Account for motor vehicles for the year ended 30 September 2018. c. The Statement Profit and Loss (extract) for the year ended 30 September 2018. d. The Statement Financial Position (extract) as at 30 September 2018
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