Question

3 Azad Ltd. purchased furniture on October 01, 2014 for Rs. 4,50.000. On
March 01, 2015 it purchased another furniture for Rs. 3,00,000. On July 01,
2016 it sold off the first furniture purchased in 2014 for Rs. 2,25,000.
Depreciation is provided at 15% p.a. on written down value method each
year. Accounts are closed each year on March 31. Prepare furniture account,
and accumulated depreciation account for the years ended on March 31.
2015, March 31, 2016 and March 31, 2017. Also give the above two accounts
if furniture disposal account is opened.​

Answer 1

Azad Ltd. Purchased funiture On October 01.2002 for Rs. 4,50,000 on march 01.2003 it purchased another furniture for Rs. 3,20,000. On July 01.2004 it ...