Kushal and Company purchased furniture for Rs.50,000 on October 01, 2013. New furniture was purchased on April 01, 2015 for 30,000. Depreciation is charged at 10% p.a. under Fixed Installation Method on March 31 every year.
Show necessary journal entries for the years 2013-2014, 2014-2015 and 2015-2016 if Depreciation Account is not maintained.
Asked by Topperlearning User | 4th Aug, 2016, 01:26: PM