If in Baance sheet Furniture is given @ rs.1200000. and an adjustment tells th

If in Baance sheet Furniture is given @ rs.1200000. and an
adjustment tells that half of the building is used for
residential purpose... then what is treatment in accounts?

Question Posted / jitender sharma

1 Answers
4874 Views
ICA, I also Faced
E-Mail Answers

If in Baance sheet Furniture is given @ rs.1200000. and an adjustment tells that half of the build..

Answer / ravindra

only 600000 worth of building is used for office purpose
so only 600000 will be showing in the balance sheet as the building used for residential purpose will not be shown as it is personal

Is This Answer Correct ?

15 Yes

1 No

Post New Answer

More Accounting General Interview Questions

Tell me what happens to company's “cash account” if it borrows money from the bank by signing a note payable?

0 Answers

what is cost of captial

3 Answers

pls state ledger group in tally ? 1. input vat 2.output vat 3.cenvat credit duty 4.excise duty payable 5.service tax input 6.output service tax 7. tds payable 8. tds receivable.

0 Answers ABC,

What is the different between Tally 7.2 & Tally 9.0

2 Answers

What is Use of Reversing Journal(F10)& Optional Voucher(Ctrl+L) in Tally erp9?

4 Answers

How many types of Methods of Depreciation Calculation ?

5 Answers

what is the enty for gift given to company employee by company but purchased by director of the company

3 Answers

on what rate depreciation will be calculated?

0 Answers Amazon,

Explain in simple terms what is the difference between asset, equity, and liabilities?