books of ram shows on 1jan 2006 furniture rs20000.during the year a part of the furniture whose book value on 1st jan 2006 is rs 1200 has been exchanged with another furniture by paying additional rs500 .Ram charge deprication @ 10%p.a.The net amount of the furniture to be showns in the balance sheet will be.......Answer is RS18478 who to do this question can u plz help me
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accounts query
Replies (3)
in this no sale it is case of exchange so no value in credit side except depriciation
calculated on value 20000+500
20500*10=2050(depriciation)
wdv =18450
your answer may be wrong
question paper main toh yahi answer hai per answer nahi aata jane kaise kaise question de dete hai ye cpt wale :(
18478 : (The answer May be wrong)
Opening : 20000
Add: Purchses : 500
Total : 20500
Less : Dep : 2050
Net Amount of Furniture : 18450.
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