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The Assignment - Accounting and Finance

This is the first part of assessment task 2. You can choose to do Part A either as an individual or you can pair up with another student who is currently enrolled in the unit.

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Added on  2022-08-30

The Assignment - Accounting and Finance

This is the first part of assessment task 2. You can choose to do Part A either as an individual or you can pair up with another student who is currently enrolled in the unit.

   Added on 2022-08-30

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Running Head: ACCOUNTING AND FINANCE
0
Accounting and Finance
(Student Name)
The Assignment - Accounting and Finance_1
ACCOUNTING AND FINANCE 1
Table of Contents
Question 1........................................................................................................................................2
Question 2........................................................................................................................................4
Q A Journal entries......................................................................................................................4
Q B...............................................................................................................................................5
Bibliography....................................................................................................................................7
The Assignment - Accounting and Finance_2
ACCOUNTING AND FINANCE 2
Question 1
Date Particular
L.F
.
Dr. (in
$)
Cr. (in
$)
1/1/2018 Machinery A A/c Dr. 4000
To cah A/c 4000
(Being machinery A purchased for cash)
1/1/2018 Machinery B A/c Dr. 10000
To cash A/c 10000
(Being machinery B purchased for cash)
31/12/201
8 Depreciation A/c Dr. 380
To Machinery A/c 380
(Being depreciation charged on machinery A )
31/12/201
8 Depreciation A/c Dr. 950
To Machinery A/c 950
The Assignment - Accounting and Finance_3
ACCOUNTING AND FINANCE 3
(Being depreciation charged on machinery B )
30/06/201
9 Depreciation A/c Dr. 190
To Machinery A/c 190
(Being depreciation charged on machinery A )
30/06/201
9 Depreciation A/c Dr. 475
To Machinery A/c 475
(Being depreciation charged on machinery B )
30/06/201
9 Profit and Loss A/c Dr. 1330
To Depreciation A/c 1330
(Being depreciation accounted )
30/06/201
9 Revaluation Loss A/c Dr. 230
To Machinery A A/c 230
(Being loss accounted for revaluation)
The Assignment - Accounting and Finance_4

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