Account

QUESTION 1 Agatha Co make up its monetary statements to 31 declination each course until 31 December 20X7, when the mash along changed its news report date by devising up its next financial statements for the fifteen months to 31 bunt 20X9. The callers digest and tear policy is to perpetration proportionate disparagement in the periods of purchase and sale of its non flow pluss, charging depreciation as from the inaugural day of the month in which assets be acquired, and up the fit day of the month originally the month of some(prenominal) disposal. Annual grade of depreciation taken are: go down and machinery:15 per centime instantly line take fomites:25 per cent straight line At 1 January 20X8 the quest balances existed in the pitchs accounting enters:RM Plant and machinery: cost819,000 collect depreciation360,000 Motor vehicles: cost148,000 accumulated depreciation 60,000 During the fifteen months terminate 31 March 20X9 the following proceedings took place: (a) l0 January 20X8 An fact of flora purchased. The cost was made up as follows.

approach ex factoryRM41,200 Delivery 300 Installation cost 800 turn of foundations 3,600 Spare split for repairs 4,000 Cost of one year caution agreement 2,000 (b) 18 April 20X8 A new beat back vehicle was purchased for RM 18,000. An existing vehicle which had cost RM 12,000, and which had a accommodate revalue at 1 January 20X8 of RM6,000, was given in pop out substitution at an concord value of RM 5,000. The balance of RM 13,000 was nonrecreational in cash. Required Prepare the record book accounts to show the balances at 1 January 20X9 and to record the non current asset transactions as stated. caput 2 rhombus Inc is a concern company making up its accounts regularly to 31 December each year. At 1 January 20X5 the following balances existed in the records of diamond Inc. RM000 Freehold land cost1,000 Freehold buildings ...If you want to detect a full essay, order it on our website: Orderessay

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