Question

furniture cost on Rs 25000 purchase at the year end charged on furniture at the rate 10% depreciation make a journal entry?​

Answer 1

Answer:

Journal entry:-

Explanation:

Furniture a/c. Dr. 25000

To Bank a/c. 25000

(purchase furniture)

Depericiation a/c. Dr.2500

To furniture a/c. 2500

(charged Depr @10%)