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A company, which end its accounts annually at 31 December, provides depreciation for its Equipments...

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Accounting

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A company, which end its accounts annually at 31 December, provides depreciation for its Equipments at the rate of 10% per annum using the reducing balance method on a month-tomonth basis. At 31 December 2022, there are three (3) Equipments purchased by Cash as shown below: i. Calculate the depreciation charges for each equipment from 2020 to 31 December 2022 . ii. Prepare the accumulated depreciation account for equipment ONLY for the year 2022. Ali uses the Imprest system for their petty cash being an imprest of USS 400 . Balanced the account at 30 April 2021 and show the amount of cash drawn from the bank to restore the imprest on 1 May 2021. Required: Draw up Ali's petty cash book, using the following analysis columns: postage; travelling expenses; motor vehicle expenses; stationery; sundry expenses

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