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Depreciation Account (Motor Vehicle)

The document contains accounting records for a motor vehicle account and provision for depreciation account over multiple years. It shows beginning and ending balances for each period, as well as cash deposits and withdrawals from the motor vehicle account. The provision for depreciation account records annual depreciation expenses that increase the accumulated depreciation over time. Financial statements are presented for the year ended September 30, 2020 showing depreciation expense and the net book value of the motor vehicle asset.

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BELLA CYNTHIA LESMANA WONGSO
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520 views2 pages

Depreciation Account (Motor Vehicle)

The document contains accounting records for a motor vehicle account and provision for depreciation account over multiple years. It shows beginning and ending balances for each period, as well as cash deposits and withdrawals from the motor vehicle account. The provision for depreciation account records annual depreciation expenses that increase the accumulated depreciation over time. Financial statements are presented for the year ended September 30, 2020 showing depreciation expense and the net book value of the motor vehicle asset.

Uploaded by

BELLA CYNTHIA LESMANA WONGSO
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Motor Vehicle account

Amoun Amoun
Date Details t Date Details t
31-Oct-
01-Oct-20 Balance b/d 35000 20 Balance c/d 35000
    35000     35000
           
30-Sep-
01-Jan-21 Balance b/d 35000 21 Balance c/d 102000
01-Jan-21 Cash at bank 25000      
30-Apr-21 Cash at bank 42000      
    102000     102000
           
01-Jan-22 Balance b/d 102000      
           

Provision for Depreciaiton


Amoun Amoun
Date Details t Date Details t
01-Oct-
31-Oct-20 Balance c/d 15.000 20 Income statement 15.000
    15.000     15.000
           
01-Jan-
  Balance c/d 34.375 21 Balance b/d 15.000
30-Sep-
      21 Income statement 8750
30-Sep-
      21 Income statement 6250
30-Sep-
      21 Income statement 4375
    34.375     34.375
           
01-Jan-
      22 Balance b/d 34.375
           

Bob
Income statement for the year ended 30 September 2020
Expenses :  
Depreciation of Motor
vehicles 34.375
          34.375

Bob
Statement of Financial Position as at the year ended 30 September 2020
Non-current Assets Cost Provision for depreciation NBV
Motor vehicles 102000 34.375 67.625
           

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