. On 1st Jan 2015 ‘Raj furniture Mart’, Nagpur, purchased four Tables for Rs 25,000 each. Depreciation has been provided @10%p.a. using Straight Line Method.
On 1st Jan 2016 one Table one more table was Purchased for Rs20,000.
You are required to prepare Tables A/c and Depreciation A/c for First three years assuming that books of accounts are closed on 31st March each year.
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Explanation:
On 1st Jan 2016 one Table one more table was Purchased for Rs20,000.
You are required to prepare Tables A/c and Depreciation A/c for First three years assuming that books of accounts are closed on 31st March each year.
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