A company starts in business on 1 January 2011. You are to write up the vans account
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A company starts in business on 1 January 2011. You are to write up the vans account and the provision for depreciation account for the year ended 31 December 2011 from the information given below. Depreciation is at the rate of 25 per cent per annum, using the basis that one complete month’s ownership needs one month’s depreciation.
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2011 Bought two vans for 8,000 each on 1 January Bought one van for 9,000 on 1 September
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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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