SA 150 Dashboard myModules my Admin (e) Provision for depreciation must still be provided for on vehicles at 20% per annum on the diminishing balance method and on furniture and fittings at 10% per annum on the diminishing balance method. No assets were acquired or disposed of during the year (0) On 1 October 20.19 the owner deposited R50 000 cash into the bank account of the business. The bookkeeper was Time le 045 44 accounts that will be affected by the transaction and he only recorded it in the bank account. (a) Money was deposited in a fixed deposit account at Splinter Bank on 31 December 20.18 for only one year. On 31 December 2019 when the investment matured only R40 000 was invested again for another year. The bookkeeper only made entries in the books of Wooden House Traders for the R40 000 that has been received and invested again. No other entries were made for the other R20 000 was received but has not been invested again Interest at a rate of 8% per annum must still be provided for on the faed deposit The amount for finance costs in the statement of profit or loss and other comprehensive income of Wooden House Traders for the year ended 28 February 20.20 will be Select one OA R16 875 OB R20 000 OC R5000 OD R22 500 OE RS 625 117 DOR 1312
SA 150 Dashboard myModules my Admin (e) Provision for depreciation must still be provided for on vehicles at 20% per annum on the diminishing balance method and on furniture and fittings at 10% per annum on the diminishing balance method. No assets were acquired or disposed of during the year (0) On 1 October 20.19 the owner deposited R50 000 cash into the bank account of the business. The bookkeeper was Time le 045 44 accounts that will be affected by the transaction and he only recorded it in the bank account. (a) Money was deposited in a fixed deposit account at Splinter Bank on 31 December 20.18 for only one year. On 31 December 2019 when the investment matured only R40 000 was invested again for another year. The bookkeeper only made entries in the books of Wooden House Traders for the R40 000 that has been received and invested again. No other entries were made for the other R20 000 was received but has not been invested again Interest at a rate of 8% per annum must still be provided for on the faed deposit The amount for finance costs in the statement of profit or loss and other comprehensive income of Wooden House Traders for the year ended 28 February 20.20 will be Select one OA R16 875 OB R20 000 OC R5000 OD R22 500 OE RS 625 117 DOR 1312
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:SA 150
Dashboard myModules
my Admin
(e) Provision for depreciation must still be provided for on vehicles at 20% per annum on the diminishing balance method and on
furniture and fittings at 10% per annum on the diminishing balance method. No assets were acquired or disposed of during the year
(0) On 1 October 20.19 the owner deposited R50 000 cash into the bank account of the business. The bookkeeper was Time le 045 44
accounts that will be affected by the transaction and he only recorded it in the bank account.
(a) Money was deposited in a fixed deposit account at Splinter Bank on 31 December 20.18 for only one year. On 31 December 2019
when the investment matured only R40 000 was invested again for another year. The bookkeeper only made entries in the books of
Wooden House Traders for the R40 000 that has been received and invested again. No other entries were made for the other R20 000
was received but has not been invested again Interest at a rate of 8% per annum must still be provided for on the faed deposit
The amount for finance costs in the statement of profit or loss and other comprehensive income of Wooden House Traders for the year
ended 28 February 20.20 will be
Select one
OA R16 875
OB R20 000
OC R5000
OD R22 500
OE RS 625
117
DOR
1312
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