Question

the book value of furniture on 1st January 2015 was 54000 1st July 2015 one fourth of the furniture was sold in 9000 and 2 table were purchased for 8000 on 1st October 2015 depreciation is charged 10% per annum show the loss in furniture of furniture in income and expenditure account and show what value of the furniture will be show in
balance sheet on 31st December 2015​

Answer 1

Answer:

54000 1st July 2015 one fourth of the furniture was sold in 9000 and 2 table were purchased for 8000 on 1st October 2015 depreciation is charged 10% per annum show the loss in furniture of furniture in income. .

15%under diminishing balance method has debit balance if machinery account of rs 170000 on january 1,2017.the machinery was purchased on 1st january 2016. .on 1st october 2018,a part of the machinery costing rs 40000 was sold for 27000 and on the same date new machinery was purchased and installed at a cost of rs 100000 required machinery account from jan2017to december 2019

Answer 2

Answer:

lose on sale of furniture 3825, depreciation ₹4925 value in the balance sheet ₹44250