On january 1 1993 furniture is valued at 10000 In the receipts and payments account ending 31 December for - Accountancy -

Question

On january 1 1993 furniture is valued at 10000 In the receipts
and payments account ending 31 December for that year it is shown
at 6000 IT WAS PURCHASED FOR RS 8000 ON 1 APRIL WHAT WILL BE THE
ENTRY IN INCOME AND EXPENDITURE ACCOUNT IF DEPRECIATION FOR THE
YEAR IS CHARGED AT 10%P A ?

Manisha Arora · Accepted Answer

Dear Student, your query seems to be incomplete as in the
information you have not provided that Rs 6,000 are shown on which
side of Receipts and Payments A/c
We advice you re-check your query and provide us with the relevant
details related to your query so that we can help you better

On january 1 1993 furniture is valued at 10000. In the receipts and payments account ending 31 December for that year it is shown at 6000. IT WAS PURCHASED FOR RS 8000 ON 1 APRIL. WHAT WILL BE THE ENTRY IN INCOME AND EXPENDITURE ACCOUNT IF DEPRECIATION FOR THE YEAR IS CHARGED AT 10%P.A. ?