Question

Shaukat Ali purchased furniture on 1st Jan., 2017 at a cost of * 80,000. He
further
purchased furniture on 1st April, 2017 for * 60,000 and on 1st October, 2018 for * 50,000. The
April 1
Follow up problem 4
firm writes off depreciation @ 10% p.a. on straight line method.
Prepare Furniture Account for the years 2016-17 to 2018-19.​

Answer 1

Explanation:

Shaukat Ali purchased furniture on 1st Jan., 2017 at a cost of * 80,000. He

further

purchased furniture on 1st April, 2017 for * 60,000 and on 1st October, 2018 for * 50,000. The

April 1

Follow up problem 4

firm writes off depreciation @ 10% p.a. on straight line method.

Prepare Furniture Account for the years 2016-17 to 2018-19.