Question

When depreciation is rs 7500 and closing balance of library books is rs 92500.Calculate the opening balance of library books

Answer 1

Closing Balance 92,500

(+) Depreciation + 7,500

------------------------–––––––––––––--------------------

Opening Balance of

Library Books 1,00,000

Since, depreciation is deducted from opening balance.

Thus, for finding opening balance it is added to closing balance.

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