Question

The following information are available regarding the furniture of Golden Club
(i) Book value of furniture at the beginning of the year 120000.
(ii)Half of the furniture was sold for 50.000 at the end of the year
(3) Rate of depreciation is 10% per annum
(iv) Show what treatment will be done in this regard in the Income & Expenditure A/c and Balance Sheet​

Answer 1

Answer:

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