Furniture sold on April 1, 2016 had a book value of Rs.50,000 and was sold for Rs.20,000 (Sale of old furniture from trial balance). Loss on sale = 50,000−20,000=30,000.
Loss on sale of furniture is
CUET UG 2023 — Accountancy Financial Statements
2023mcqeasy
Loss on sale of furniture is
Official previous-year question
Held on 20 Jun 2023 · Verified 13 Jul 2026.
Options
- A
Rs.20,000
- B
Rs.30,000
- C
Rs.25,000
- D
Rs.28,000
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