Opening furniture 1,80,000 minus book value of furniture sold 8,000 = 1,72,000.
Closing furniture = 1,60,250.
Depreciation = 1,72,000 minus 1,60,250 = Rs. 11,750.
Note: Topic relates to NPO; placed under Financial Statements/Nature-Structure as closest fit.
From the following information calculate how much amount of depreciation will be shown in the Income and Expenditure A/c for the year 2021-22 : | |…
CUET UG 2022 — Accountancy Financial Statements
2022mcqmedium
From the following information calculate how much amount of depreciation will be shown in the Income and Expenditure A/c for the year 2021-22 :
| As on 31 March, 2021 | As on 31 March, 2022 | |
|---|---|---|
| Furniture | Rs. 1,80,000 | Rs. 1,60,250 |
Furniture worth Rs. 8,000 was sold for Rs. 10,000 on 1 April, 2021.
Official previous-year question
Held on 23 Aug 2022 · Verified 13 Jul 2026.
Options
- A
Rs. 9,750
- B
Rs. 11,750
- C
Rs. 11,250
- D
Rs. 9,250
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