ILLUSTRATION 4. Open 'T' Shape Furniture Account and place the items on the proper side:
(i) Purchased Furniture for 50,000
(ii) Additional Furniture purchased for ₹30,000
(iii) Sold Furniture for ₹ 25,000
(iv) Total Depreciation on Furniture at the end of accounting period 6,500 Colution
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Answer:
1,07,500
Explanation:
Ans)50000+30000+25000+6500=1,07,500
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