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swered arked out of 1 . 0 0 Flag uestion Balances as at 3 1 August 2 0 . 3 : R Time left 1
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Plant and machinery at cost
Accumulated depreciation: plant and machinery
Additional information
a According to the asjets negister, plant and machinery consist of two Gijima machines of equal value. Both the machines were purchased by obtaining a loan from Capital Bank and they were charged interest per annum and installed on the same date.
b
Depreciation is written off at per annum by the diminishing balance method.
c
On January management decided to increase production capacity and purchased a Queen machine on cnedit from Nhlalala Ltd for R One of the Gijima machines was tnaded n rectucing the amount owing to Nhlalala Ltd to R
d
On February installation charges on the new machine amounting to R were paid in cash.
REQUIRED
Post the above transact ians to the general ledger account provided below.
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