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Trail Balance as at 31 March 2018 includes Furniture Rs.20000 Provision for depreciation Rs. 2000 Adjustment Depreciate Furniture 10% on original cost Find - Amount of depreciation debited to P&L and deduct from furniture in Balance sheet?
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Trail Balance as at 31 March 2018 includes Furniture Rs.20000 Provisio...
Based on the given information, the original cost of the furniture is Rs. 20,000 and the provision for depreciation is Rs. 2,000. The adjustment requires depreciating the furniture by 10% on the original cost.

To find the amount of depreciation debited to P, we need to calculate the depreciation expense for the furniture.

Depreciation Expense = Original Cost * Depreciation Rate
Depreciation Expense = Rs. 20,000 * 10% = Rs. 2,000

Therefore, the amount of depreciation debited to P is Rs. 2,000.
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Trail Balance as at 31 March 2018 includes Furniture Rs.20000 Provision for depreciation Rs. 2000 Adjustment Depreciate Furniture 10% on original cost Find - Amount of depreciation debited to P&L and deduct from furniture in Balance sheet?
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Trail Balance as at 31 March 2018 includes Furniture Rs.20000 Provision for depreciation Rs. 2000 Adjustment Depreciate Furniture 10% on original cost Find - Amount of depreciation debited to P&L and deduct from furniture in Balance sheet? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Trail Balance as at 31 March 2018 includes Furniture Rs.20000 Provision for depreciation Rs. 2000 Adjustment Depreciate Furniture 10% on original cost Find - Amount of depreciation debited to P&L and deduct from furniture in Balance sheet? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Trail Balance as at 31 March 2018 includes Furniture Rs.20000 Provision for depreciation Rs. 2000 Adjustment Depreciate Furniture 10% on original cost Find - Amount of depreciation debited to P&L and deduct from furniture in Balance sheet?.
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