Question

On 31st December, the date of preparation of final account, Machinery appears at Rs.60,000. Depreciation @ 10% is required. Give adjusting entry.​

Answer 1

10 ÷60,000 ×100

=6000×100

60

Answer 2

Answer:

The correct answer to this question is $60$

Explanation:

Given - Machinery appears at Rs$.60,000$. Depreciation @ $10$% is required.

To Find - Give adjusting entry.​

A general ledger entry known as an "adjustment journal entry" is made at the conclusion of an accounting period to report any unrealized revenue or costs during the time. Accrued revenues, accrued expenses, unearned revenues, prepaid expenses, and depreciation are the five types of adjustment entries.

The machinery appears at Rs $60,000$.

$10$ ÷ $60,000$ × $100$

= $6000$ × $100$

$60$

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