1 - Which of the following items is given correctly? a) The provision for depreciated goods has been cancelled. B) Provision is made for goods whose value has depreciated. C) Damaged goods have become worthless. D) No damage to the goods could be detected. E) The depreciated goods are taken to the other inventories account.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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1 -


Which of the following items is given correctly?
a)
The provision for depreciated goods has been cancelled.

B)
Provision is made for goods whose value has depreciated.

C)
Damaged goods have become worthless.

D)
No damage to the goods could be detected.

E)
The depreciated goods are taken to the other inventories account.

31/12/201.
Debt
receivable
654 Provision Expenses Hs.
39.000
39.000
158 Inventory Impairment Provision Hs. (-)
Transcribed Image Text:31/12/201. Debt receivable 654 Provision Expenses Hs. 39.000 39.000 158 Inventory Impairment Provision Hs. (-)
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