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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Frank Woods Business Accounting

ISBN: 9780273759287

12th Edition

Authors: Frank Wood. Sangster, Alan

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