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You are given the following extract of the pre-adjustment trial balance for Arch Traders for the financial year ended 30 September 20.2. ARCH TRADERS EXTRACT
You are given the following extract of the pre-adjustment trial balance for Arch Traders for the financial year ended 30 September 20.2. ARCH TRADERS EXTRACT OF THE PRE-ADJUSTMENT TRIAL BALANCE AS AT 30 SEPTEMBER 20.2 Debit R Credit R Capital 525 000 Drawings 25 000 Buildings. 150 000 Land 450 000 Vehicles. 500 000 Equipment.. 280 000 Accumulated depreciation: Vehicles(1 October 20.1. 100 000 Accumulated depreciation: Equipment (1 October 20.1) 60 000 Trade receivables control 225 000 Inventory. 250 000 Bank overdraft .. 714 750 Trade payables control 300 000 Additional information On 1 October 20.1 Arch Traders bought a new vehicle to the value of R280 000. On 30 June 20.2 one of the two old vehicles bought on 1 October 20.0 were sold for R100 000. The vehicle was bought at a cost price of R250 000. Depreciation for the year must be provided as follows: - Equipment: 10% per annum on the straight-line method - Vehicles : 20% per annum on the diminishing balance method The correct property, plant and equipment note for vehicles (total column excluded) for Arch Traders on 30 September 20.2 will be: Instructions: Drag the correct answer into the correct space. An option can be used more than once. If an options has been provided and it is not applicable to the specific questions please put N/A in the accounts column and a 0 in the amounts column
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