mri help kro please help me
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Explanation:
WN 1 - cl. stock is at market price = 84000 which was 20% above cost means 1/5 on cost so, 1/6 on sales
84000 *1/6 = 14000 => 84000 - 14000 = 70000
WN 2 - Machinery includes ₹40000 of new machine cost in 90000 which was purchased on 1st jan 2016.
so, on 50000 Depreciation of 1 year @ 10% = 5000
on 40000 Depreciation of 3 months i.e
40000 *3/12*10% =1000
total Depreciation = 5000 + 1000 = 6000
WN 3 - debtors = 82000
(less ) 5% provision = 4100
WN 4 - Interest debenture = 40000 * 6/12 * 8% = 1600
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