CBSE Class 11-commerce Answered
Following is the extract from a Trial Balance:
Head of Accounts
Dr. Rs.
Cr. Rs.
Machinery A/c
2,00,000
Provision for Depreciation on Machinery A/c
80,000
Depreciation on Machinery
20,000
Furniture A/c
24,000
Depreciation on Furniture
3,000
Show necessary extracts from the Profit and Loss Account and the balance Sheet.
Asked by Topperlearning User | 04 Jul, 2016, 08:47: AM
Expert Answer
Profit and Loss A/c for the year ended 2014
|
|
|
|
Particulars |
Rs. |
Particulars |
Rs. |
To Depreciation on Machinery 20,000 on Furniture 3,000 |
23,000 |
|
|
Liabilities |
Rs. |
Assets |
Rs. |
|
|
Machinery 2,00,000 |
|
|
|
Less: Provision for Depreciation 80,000 |
1,20,000 |
|
|
Furniture |
24,000 |
Answered by | 04 Jul, 2016, 10:47: AM
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