Accountancy, asked by rajan7985, 1 year ago

depreciation on furniture provided @10% prepare the accounting equation

Answers

Answered by sujiritha95
20

Accounting Equation

Asset = capital + liabilities

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1)Depreciation on furniture

2 accounts affected furniture and capital 

depreciation should be reduced from furniture cost . therefore its decrese in asset . (depreciation amount  be reduced from furniture )

Capital should be reduced

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Conclusion

Decrease in asset (furniture A/c )  And decrease in capital


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