You are busy finalising the financial statements of Tambotie Limited for the year ended 31 March 2021.

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You are busy finalising the financial statements of Tambotie Limited for the year ended 31 March 2021. While you were reviewing the property, plant and equipment note you looked at the additions of plant in the current year and realised you made a mistake. You incorrectly expensed the installation and assembly cost of the plant. The plant was available for use on 31 March 2021. You incorrectly processed the following journal: DR R CR R 20 March 2021: Other expenses (P/L) 240 000 Creditor (SFP) 240 000 Process the correcting journal entry (DR

Posted Date: May 19, 2024 02:06 AM

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You are busy finalising the financial statements of Tambotie Limited for the year ended 31 March 2021.

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