Unit 5 Handling Acquisitions

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Hi
was wondering if anyone could tell me the journal for handling acquisitions when it comes to depreciation please?

Thanks

Claire

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Unit 5 Handling Acquisitions

    Is that Foundation?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Unit 5 Handling Acquisitions

    Unit 5 is intermediate is it not!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Unit 5 Handling Acquisitions

    This has been posted on both Foundation & certificate level forum and on Intermediate Forum. :roll:
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Unit 5 Handling Acquisitions

    Purchase of fixed assets

    debit fixed assets
    credit bank/creditor

    depreciation charge

    debit depreciation charge(P&L)

    credit provision for depreciation of fixed assets.(B/S)

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