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Acc p-2 Prov for dep

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***exam***:
i dont know about that
but its cie's rule that u cant leave ur account unbalanced  v lose marks

fireburner:
^ yes that's correct but i suggest you read the whole question
 

fireburner:
ok im stuck in a q too.

its from depreciaiton

i'm writing down just an extract of the question:

i.Fixed assets at cost as at 1 may 2003 were:

Office equipment 100000

ii. Provision for depreciaiton as at 1 may 2003:

Office equipment 38000

iii.On 1 Nov 2003 office equipment costing 36000, paid by cheque was purchased. No disposal of office equipment took place during the year ended 30 april 3004. All office equipment held at April 2004 had been purchased since 1996

v.depreciation policy:
office equipment 10% straight line

depreciation is applied from the date an asset is brought until it is sold

I just need to know how to make the provision for depreciation of the office eqiupment.
 

immortal:
On cr side-
Bal b/d=38000
P&L A/c=11800

on Dr side-
Bal c/d=49800
----------------------------------------------
#include also  transaction dates.
100000*10%=10000
36000*10%=3600  for 6months=1800
10000+1800=11800

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