Adjustments to be effected on 28 February 2019 The following was found as per physical count 1.1).
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Adjustments to be effected on 28 February 2019 The following was found as per physical count
1.1). Trading Stock RB0 300
1.2). Packing Material R700
2). Depreciate equipment at 10 % p.a on the diminishing balance method
3). Write of further credit losses of R2000
4). Adjust allowance for credit losses to 5% of trade debtors
5). Provide for the outstanding interest on loan 6 Provide rates at 2% on value of land and buildings
REQUIRED
1). STATEMENT OF FINANCIAL POSITION for BBE Traders 28 Feb 2019.
2). Notes to the statement of financial position, specifically the property, plant and equipment note.
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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