Accountancy, asked by naman6554, 10 months ago

in accounts class 11 in ch-financial statements with adjustments -the adjustment is when motor car is used partially for business and for personal use.

Answers

Answered by kiran9999

it is calculated and adjusted based on the period of usuage in the current financial year

naman6554: please tell me how to appy it in p and L a/c and balance sheet

kiran9999: in profit and loss account the depreciation of the financial year should be posted and in balance sheet deduct the depreciation amount from the asset value

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