Accountancy, asked by shubham985200, 9 days ago

Book of Ram shows on 1st Jan 2010 furniture Rs 20000.During the year a part of the furniture whose book value on 1st Jan 2010 is Rs 1200 has been exchanged with another forniture by paying additional Rs 500.Ram charge depreciation @ 10% p.a. The net Amount of furniture to be shown in the balance sheet will be

Answers

Answered by ns5249613

Answer:

Book of Ram shows on 1st Jan 2010 furniture Rs 20000.During the year a part of the furniture whose book value on 1st Jan 2010 is Rs 1200 has been exchanged with another forniture by paying additional Rs 500.

Explanation:

Ram charge depreciation @ 10% p.a. The net Amount of furniture

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