Question

on 1st April 2016 Mahesh acquired a lease for a period of three years for rs.20000 and decided to write off depreciation by annuity method charging interest at 5% the annuity to provide for rs.1 for three year at 5% interest rs.0.367208 prepare the leasehold account for three years and show the annual net charge to profit and loss account for each year

Answer 1

Answer:

Best Wishes

The HOPE, The STRUGGLE and The HARD WORK towards a goal/ success is part of the rewards. Achieving goal itself is not the whole reward........ BEST WISHES