Provide 20% depreciation on furniture costing ` 10,000.
Answers
Answered by
4
Answer:
The furniture is depreciated by 20%
10,000×20/100=2,000
Furniture value =10,000-2,000=8,000
Answered by
2
Answer:
depreciation a/c Dr. 2000
to furniture a/c. 2000
Explanation:
20% depreciation charged on furniture costing ₹10000.
depreciation is an expense so according to rule
all expenses are debited. so depreciation a/c will be debited
and furniture a/c is credited to record the fall in the value of furniture. (decrease in the value of furniture).
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