This is an accounting adjustment in the income statement for a vehicle sold Question : A vehicle was sold on credit for R80 000 on 30 June 2013. The debtor will pay in September 2013. No entries were made for this transaction. The details from the Fixed Assets Register were :
• Cost price, R150 000
•Accumulated Depreciation at the beginning of financial year, R60 000
•Depreciation rate is 20% p. a on cost.
Financial year ends 31 August 2013​

Rashid, the ceo of top productions, was telling his new vice president of accounting that "in the past i had resistance to new ideas by people who felt that one of our plans threatens their influence or jobs. so when you tell your collections department that we just hired a collection agency to handle bad debt, you may have to sell your collections manager and his supervisors on using the agency and that nobody is going to be laid off." selling middle and supervisory managers on changes to overcome their resistance is often a necessary part of