Advertisement

Accounting for Wear and Tear

  • D. E. Turner
  • P. H. Turner
Chapter

Abstract

Ben started business with £1000 cash and an ice-cream van worth £24000. During the following year, he sold ice-cream for £28000 cash. His running expenses, all paid in cash, were £6000. At the end of the year, his van was worth £16 000. He had no other assets or liabilities.

Keywords

Motor Vehicle Balance Sheet Cash Balance Loss Account Original Cost 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© D. E. Turner and P. H. Turner 1991

Authors and Affiliations

  • D. E. Turner
  • P. H. Turner

There are no affiliations available

Personalised recommendations