Business Studies, asked by kavyanjalinarsale, 5 months ago

From the following information find out amount of Machinery to be shown in Balance Sheet. Trial Balance as on 31.03.2019 (Extract) Machinery 25,000 (Additions on 01.10.2018, Rs. 10,000) Adjustment: 1) Depreciate Machinery By 10%​

Answers

Answered by pujakr020
0

Answer:

the amount of machinery shown in the balance sheet is 22500

Explanation:

in assets side of balance sheet the amount of assets which shown is the closing amount of assets ,if depreciation is on then we charge depreciation , machinery amount -deprection @10 = machinery value

25000*10/100=2500

25000-2500=22500

22500 shown on assets side of balance sheet

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