Question

10.63
Financial Accounting
12. Begum fine Arts club had furniture of the book value of Rs. 56,000 as on
1-1-1999. On 2-1-1999 lt sold furniture of the book value of Rs. 24,000 for
Rs. 25,000. Furniture was to be depreciated @ 10% per annum. How will these
items appear in the final accounts of the club on 31-12-99?​

Answer 1

Answer:

10.63

Financial Accounting

12. Begum fine Arts club had furniture of the book value of Rs. 56,000 as on

1-1-1999. On 2-1-1999 lt sold furniture of the book value of Rs. 24,000 for

Rs. 25,000. Furniture was to be depreciated @ 10% per annum. How will these

items appear in the final accounts of the club on 31-12-99?

Answer 2

Answer:

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