Complete the note to the financial statement relating to property, plant and equipment provided in...
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Accounting
Complete the note to the financial statement relating to property, plant and equipment provided in your answer book, by using the information extracted from the general ledger of Phangiso Traders forthe financial year 1 July 2015 to 30 June 2016.
Vehicle
Date
Details
Fol
Amount
Date
Detail
Fol
Amount
2015
2016
1 July
Balance
1 340 000
30 June
Balance
1 790 000
1 Nov
Creditors control
450 000
1 790 000
1 790 000
2016
1 July
Balance
bld
1 790 000
Accummulated Depreciation
Date
Detail
Fol
Amount
Date
Details
2016
2015
30 June
Balance
c/d
1 285 000
1 July
Balance b/d
837 500
2016
30 June
Depreciation
447 500
1 285 000
1 285 000
2016
1 july
Balance c/d
1 285 000
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