Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

. Question 15 of 20 3 Points 3 Points Extract of the post adjustment trial balance of THC Traders as at 30 September 20.20 Debit

image text in transcribed

image text in transcribed.

Question 15 of 20 3 Points 3 Points Extract of the post adjustment trial balance of THC Traders as at 30 September 20.20 Debit Credit R R 120 000 41 750 90 000 17 100 Plant and machinery (cost) Accumulated depreciation: plant and machinery Equipment (cost) Accumulated depreciation equipment Land and buildings (cost) Fixed deposit (@7.5% p.a.) Depreciation Loss on sale of equipment Interest on fixed deposit 180 000 100 000 38 367 1 500 7 500 How will the property, plant and equipment be disclosed in the statement of financial position of THC Traders as at 30 September 20.20? A. THC TRADERS STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 20.20 (extract) ASSETS Non-current assets Property, plant and equipment Note R 331 150 B. THC TRADERS STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 20.20 (extract) ASSETS Non-current assets Property, plant and equipment Note R 292 783 C. THC TRADERS STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 20.20 (extract) ASSETS Non-current assets Property, plant and equipment Note R 431 150 D. THC TRADERS STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 20.20 (extract) ASSETS Non-current assets Property, plant and equipment Note R 151 150 E. THC TRADERS STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 20.20 (extract) ASSETS Non-current assets Property, plant and equipment Note R 390 000

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

Fundamentals Of Management

Authors: Ricky Griffin

10th Edition

9780357517345

Students also viewed these Accounting questions