Question

Q. 38). On ist January, 2008 Thomas purchased furniture for 50.000. Analfumyture for 20.000
purchased on sty. 2003 Onit July, 2010 the fumiture purchadon 1st January 2008 having
125.000 Depreciation is provided annually on 31st December every year at the rate of pa on the cost
Prepare four Account from 2008 to 2010
(Ans. Lons on sale 5,000. Balance of Furniture on 31-12-10 7 14000)
ON S.
2007 Goya Agro Mis purchased a second machinery for 30.000 and opet 20 000​

Answer 1

Explanation:

2,00,000 and machinery 50,000.

 Purchased goods for cash 20,000 and on credit 10,000.

 Rent Outstanding 1,000.

 Commission received 2000.

 Insurance prepaid 1200.

 Depreciation on machinery 500.

thanks