Analyse the following information and enter it in a spreadsheet to show analysis of the impact of
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Analyse the following information and enter it in a spreadsheet to show analysis of the impact of the information on the accounting equation:
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Jan. 1 Year 1 During Year 1 Jan. 1 Year 2 During Year 2 Jan. 1 Year 3 Make a provision for repairs, 50,000. Spend 30,000 against the provision and carry the rest forward. Make a further provision for repairs, 10,000. Spend 25,000 against the provision and carry the rest forward. Reduce the remaining provision to 3,000.
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