On 31 March 2021 Poppy Traders sold an old machine, which was purchased for R6 000. The
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Question:
- Required:
- Prepare the general journal entries to record the following:
- • sale of the machine on 31 March 2021 (including cash transactions)
- • the purchase of the new machine at 31 March 2021 (including cash transactions)
- .depreciation for the year ended 31 December 2021.
- Journal narrations are required. Ignore VAT.
Related Book For
Fundamental Accounting
ISBN: 9781485112112
7th Edition
Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit
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