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Querist : Anonymous

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Querist : Anonymous (Querist)
08 June 2012 Dear Sir,

Opening Balance as on 1st jan 20000.00 and Rs. 1200/- furniture has been exchanged with additional pay Rs. 500/- on same date and depreciation Rate 10% then what will be closing value of furniture in the balance sheet.

Please solve the question
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CA Harish Suwalka

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CA Harish Suwalka (Expert)
09 June 2012 opening balance: 20k
addition :500
----------------------------
20500

dep. 2050

closing balance : 18450

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