Question

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​

Answer 1

Answer:

Dr purchased furniture 50000

additional furniture 30000

Cr sale of furniture 25000

depreciation. 6500

To balance b/d. 49500