Question

31. On 1st April, 2010, following balances appeared in the books of Ms
Krishna Traders :
Furniture Account
Provision for Depreciation on Furniture Account
50,000
22,000
On 1st October, 2010 a part of Furniture purchased for $20,000 on 1st April, 2006
was sold for 5,000. On the same date a new furniture costing *25,000 was purchased.
The depreciation was provided @10% p.a. on original cost of the asset and no
depreciation was charged on the asset in the year of sale. Prepare 'Furniture Account
and “Provision for Depreciation Account' for the year ending 31st March, 2011.
​
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Answer:

Provision for Depreciation on Furniture Account 50,000 22,000. On 1st October, 2010 a part of Furniture purchased for $20,000 on 1st ...

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Answer 1

Answer:

there is an app named solutions for math just go there and scan or write the question it will give answer with the whole solution

Answer 2

Answer:

TOO BIG

Explanation: