FR (Page 332)

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
£10,000 and £20,000 respectively above the carrying amounts. Although no depreciation Lesson Four 181 FINANCIAL ACCOUNTING III is provided on land , buildings are depreciated at5% p.a. on cost. iii) Included in the inventory of H Ltd are goods purchased from S Ltd at a selling price of £15,000 to S Ltd. S ltd reported a profit of 50% on cost. iv) Included in the plant of S Ltd is plant bought fromH Ltd on 01.01.20X1 at a price of £20,000. H Ltd reported a profit of a third on cost. The group provides depreciation on 30% on reducing balance. v) H Ltd has not yet accounted for it's share of proposed dividends in s Ltd. vi) Included in the accounts payable of H Ltd is an amount of £25,000 due to S Ltd. This
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern