Question

On the basis of following information prepare furniture A/c as on 31.12.2015 :
2015
Jan. 1 Opening balance 20000
Jan. 1 Purchased furniture 30000
Jan. 30 Furniture sold 10000
Dec. 31 Depreciation @10% is charged on furniture ​

Answer 1

Answer:

Please find the attached file for Machine A/c

Explanation: