This web page contains a live and functional spreadsheet created with
SpreadsheetConverter
. Please enable JavaScript in your web browser for the live calculations to work properly.
Q1)
Consider the following trial balance extract:
DR
CR
Buildings
450000
Buildings Accumulated Depreciation
45000
The buildings are depreciated using straight line method at
5%
a)
b)
c)
d)
Complete the following Income Statement extract:
Expenses
e)
Fill in the partial balance sheet below:
Fixed Assets
Q2)
Consider the following trial balance extract:
DR
CR
Vehicles
98500
12500
The buildings are depreciated using reducing balance method at
12%
a)
b)
c)
d)
Complete the following Income Statement extract:
e)
Fill in the partial balance sheet below:
Q3)
Consider the following trial balance extract:
DR
CR
Land
1600000
40000
The buildings are depreciated using straight line method at
2%
a)
b)
c)
d)
Complete the following Income Statement extract:
e)
Fill in the partial balance sheet below:
Q4)
Consider the following trial balance extract:
DR
CR
Computers
45000
2760
The buildings are depreciated using reducing balance method at
15%
a)
b)
c)
d)
Complete the following Income Statement extract:
e)
Fill in the partial balance sheet below:
Q5)
Consider the following trial balance extract:
DR
CR
Fixtures
12700
1200
The buildings are depreciated using straight line method at
3%
a)
b)
c)
d)
Complete the following Income Statement extract:
e)
Fill in the partial balance sheet below:
Reset
Print