Question

PLEASE HELP ME ACCOUNTS IN ADJUSTMENTS PLEASE

Answer 1

Answer:

ascertain 5% of building and 10% of machinery

1. 30000* 5/100 = 1500

show 1500 in Debit side of p and L account

and deduct 1500 from 30000 in the asset side of balance sheet.

2. machinery 10000* 10/100= 1000

show 1000 in pand l as depreciation and deduct from 10000 in balance sheet.

Explanation:

hope it works..

Answer 2

Answer:

ascertain 5% of building and 10% of Machinery

1)30000* 5/10 =1500

show 1500 in Debit Side Of P and L Account

and deduct 1500 from 30000 in asset side of balance sheet.

2)Machinery 10000* 10/100=1000

show 1000 in pand I as depreciation and deduct from 10000 in balance sheet.

I hope it will help you

thanks