1.

Following information was extracted from the books of a Not-for-Profit Organisation: Furniture as on 31-3-2011 Rs 2,20,000. Furniture (having a book value as on 1-4-2011 of Rs 20,000) sold at a loss of 20% on 31-12-2011. Furniture is to be depreciated 10% p.a Furniture costing Rs 1,50,000 was also purchased on 1-10-2011. Find out the value of furniture as on 31-3-2012.

Answer»

Following information was extracted from the books of a Not-for-Profit Organisation:
Furniture as on 31-3-2011 Rs 2,20,000. Furniture (having a book value as on 1-4-2011 of Rs 20,000) sold at a loss of 20% on 31-12-2011. Furniture is to be depreciated 10% p.a Furniture costing Rs 1,50,000 was also purchased on 1-10-2011. Find out the value of furniture as on 31-3-2012.



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