Question

opening balance of machinery:RS.10000 purchases during the year:RS.50000 machinery worth:RS20000 was sold during the year for:RS12000 closing balance:RS25000 What is the depreciation for the year?​

Answer 1

Answer:

Goods costing Rs 40,000 sold at a profit of 20% for cash, +48,000 ... (d), Purchased furniture for office use, 10,000 ... Find out his closing capital and profits earned during the year.