OLX company purchase of furniture work 80,000 on 1st April 2009 and additional furniture on 1st October on 2009 worth rupees 16000 they charge depreciation at 50% p a on fixed installment basis on 1st October 2011 the souled out furniture for 60000 which was purchased on 1st April 2009 prepare furniture account and depreciation account for the year 2009 210 mm 10 to 11 2011 212 assuming that the financial year closes on 31st March every year
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ara khob as man hamesha donbal hamchi sawalat hastam wali motassifan ke nametanm gir knm ok
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chon shuma ke hastin hamesh sawalat sakht porsan mekomin thats why man nametanm khob as .
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Answer: *Question 1:*
Deluxe company purchased a furniture worth Rs 80,000 on 1st April 2009 and Additional Furniture on 1st October 2009 worth Rs 60,000.
They charged depreciation at 15% p.a. on Fixed Instalment basis
On 1st October 2011 they sold out furniture for Rs 60,000 which was purchased on 1st April 2009. Prepare Furniture Account and Depreciation Account for the year 2009-10, 2010-11 and 2011-12 assuming that the financial year closes on 31st March every year.
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