Loading

Module 1: Equilíbrio dia ajustes no diário geral e razão

Nota de Estudos
Study Reminders
Support
Text Version

Set your study reminders

We will email you at these times to remind you to study.
  • Monday

    -

    7am

    +

    Tuesday

    -

    7am

    +

    Wednesday

    -

    7am

    +

    Thursday

    -

    7am

    +

    Friday

    -

    7am

    +

    Saturday

    -

    7am

    +

    Sunday

    -

    7am

    +

Accounting - Reporting

Reporting

In the Profit and Loss statement depreciation of vehicle may be classified
under selling, delivery or vehicle expense.

In the balance sheet (extract):

Motor vehicles
100 000

- Accumulated depreciation of vehicles
17 125

82 875

Conclusion

A possible question may be as to why the straight line method of
depreciation was used.

Response

* the asset contributed equally to revenue in each period.

* the staight line method is simple to operate.

Previous | Next