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(a) The Vehicles Account. (b) The Provision for Depreciation Account. (c) The Vehicles Disposal Account. (d) (i) Explain what is meant by depreciation. (ii) Why does a company charge depreciation in calculating profit?
(2010)
(a) Prepare the Adjusted Creditors Ledger Control Account. (b) Prepare the Adjusted Schedule of Creditors showing the original balance. (c) Give reasons why the balance in the Creditors’ Control Account may not agree with the balance in the Schedule of Cr
The following figures have been extracted from the final accounts of Hebe plc, a manufacturer in the dairy industry.
(a) Calculate the company’s reserves (profit and loss balance) on 01/01/2009 (b) Calculate the profit/loss from the shop for the year ended 31/12/2009 (c) Prepare the Profit and Loss Account of Elms Nursing Home Ltd for the year ended 31/12/2009 (d) Prepa
(a) Journalise the necessary corrections. (b) Show the Suspense Account. (c) Prepare a Statement showing the correct net profit. (d) Prepare a corrected Balance Sheet. (e) Identify three different types of errors that affect the balancing of a Trial Balan
