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a company maintains its non-current assets at cost a provision for depreciation account is used for each type of asset
a company depreciates its plant at the rate of 25 per cent per annum straight line method for each month of ownership
machinery pound16000 office furniture pound460 a machine bought in 2008 for pound1600 was sold for pound360 during the
a identify the four factors which cause non-current assets to depreciateb which one of these factors is the most
on 1 april 2013 a business purchased a machine costing pound112000 the machine can be used for a total of 20000 hours
on 1 january 2015 a business purchased a laser printer costing pound1800 the printer has an estimated life of four
w hopes year ended on 30 june 2015 write up the ledger accounts showing the transfers to the financial statements and
on 1 january 2015 the following balances among others stood in the books of a cook a sole proprietora business rates
a business had always made an allowance for doubtful debts at the rate of 3 per cent of accounts receivable on 1
a business which prepares its financial statements annually to 31 december suffered bad debts which were
a businesses often create an allowance for doubtful debts i of which concept or convention is this an example explain
the statement of financial position as at 31 may 2014 of pondlake limited included an allowance for doubtful debts of
a business makes an allowance for doubtful debts of 3 of accounts receivable also a provision of 1 for discount on
j blane commenced business on 1 january 2013 and prepares her financial statements to 31 december every year for the
a explain why a provision may be made for doubtful debtsb explain the procedure to be followed when a customer whose
d bell purchased a laptop for pound480 it has an estimated life of three years and a scrap value of pound60 she is not
a machine costs pound26660 it will be kept for four years and then sold for an estimated figure of pound6400show the
a car costs pound12000 it will be kept for three years and then sold for pound3000calculate the depreciation for each
a photocopier costs pound23000 it will be kept for four years and then traded in for pound4000show the calculations of
a printer costs pound800 it will be kept for five years and then scrappedshow your calculations of the amount of
a bus is bought for pound56000 it will be used for four years and then sold back to the supplier for pound18000show the
a company which makes up its financial statements annually to 31 december provides for depreciation of its machinery at
1 what issues need to be considered when making the switch from a manual accounting system to a computerised accounting
1 what benefits can flow from processing sales details on a computer2 what are the legal principles underlying the
a what is meant by capital expenditure and by revenue expenditureb some of the following items should be treated as