Answer To Accounting Test Question AOF No. 1 On Adjustments To Final Accounts

November 26th, 2006 Comments off
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Answer to Accounting Test Question AOF No.1:

Insurance Account

2005

$

2005

$

Jun 30

Balance b/d

486

Jun 30

Advertising

39

Profit & Loss

411

Balance c/d

36

486

486

Motor Vehicle Account

2005

$

2005

$

Jun 30

Balance b/d

21,379

Jun 30

Disposal of motor vehicle

5,310

Balance c/f

16,069

21,379

21,379

Provision For Depreciation of Motor Vehicles Account

2005

$

2005

$

Jun 30

Disposal of motor vehicle

3,740

Jun 30

Balance b/d

8,310

Balance c/d

8,670

Profit & Loss

4,100

12,410

12,410

Disposal Of Motor Vehicles Account

2005

$

2005

$

Jun 30

Motor Vehicles

5,310

Apr 30

Bank

1,000

Provision for depreciation

3,740

Loss on Disposal

570

5,310

5,310

Repairs To Motor Vehicles Account

2005

$

2005

$

Jun 30

Balance b/d

1,087

Jun 30

Profit & loss

1,480

Sales

393

1,480

1,480

Sales Account

2005

$

2005

$

Jun 30

Trading account

262,783

Jun 30

Balance b/d

262,390

Repairs to motor vehicles

393

262,783

262,783

Purchase Ledger Control Account

2005

$

2005

$

Jun 30

Purchases returns

190

Jun 30

Balance b/d

22,975

Balance c/d

22,785

22,975

22,975

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