QUESTION 5 (10 MARKS) On 1 March 2019 Goblet Ltd acquired...
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QUESTION MARKS On March Goblet Ltd acquired machinery that cost Rincluding VAT for cash. The useful life of the machinery is years and depreciation is calculated on a straight line basis. The financial yearend of Goblet Ltd is December. REQUIRED: Prepare the journal entries to record the above transaction in the General Journal of Goblet Ltd as at December 
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MARKS
On March Goblet Ltd acquired machinery that cost Rincluding VAT for cash. The useful life of the machinery is years and depreciation is calculated on a straight line basis. The financial yearend of Goblet Ltd is December.
REQUIRED:
Prepare the journal entries to record the above transaction in the General Journal of Goblet Ltd as at December
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