Accountancy, asked by devrahul2456, 1 month ago

Furniture as on 31st March, 2020 is ₹ 3,00,000. Furniture (having book value as on 1st April, 2019 of ₹ 20,000) sold at a loss of 10% on 30th September, 2019. Furniture is depreciated @ 10% p.a. Loss on sale of furniture will be:

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Answered by rebellosujal360

Answer:

The book value of furniture on 1st April, 2018 is ₹ 60,000. Half of this furniture ... Depreciation is to be charged on furniture @ 10% p.a. ... 60,000. Sept.30. Income and Expenditure (Loss on Sale). 8,500. 2019. March 31.

Answered by kusumnayugaarambh

Answer:

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Furniture as on 31st March, 2020 is ₹ 3,00,000. Furniture (having book value as on 1st April, 2019 of ₹ 20,000) sold at a loss of 10% on 30th September, 2019. Furniture is depreciated @ 10% p.a. Loss on sale of furniture will be:​

Answers

Furniture as on 31st March, 2020 is ₹ 3,00,000. Furniture (having book value as on 1st April, 2019 of ₹ 20,000) sold at a loss of 10% on 30th September, 2019. Furniture is depreciated @ 10% p.a. Loss on sale of furniture will be: