Question

Open 'Tshape account for Puminure and write the following on the proper side 1. Furniture purchased for 50,000 2. Furniture sold costing 20,000 3. Pumiture destroyed by fire 16,000 4. Furniture again purchased 32,000 5. Old furniture discarded 2,000 6. Value of furniture was reduced by 25,000 ​

Answer 1

Explanation:

furniture Dr 50000

-sale of furniture - 20000

=30000

- destroyed by fire. -16000

=14000

furniture purchased. + 32000

=46000

declared -2000

reduced value. -25000

=19000