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On 1 april ,2014 ,iqra ltd purchased furniture costing Rs,50,000. On 1 july 2017 ,the furniture was sold by for Rs 20,000. Depreciation is [email protected] 10% p.a. on original cost method ? Prepare furniture account till 2017 assuming that account are closed on 31 March each year.

Answer»

20000÷ 10×100 and 2014 is 50000÷10×100



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