Sriram Somayajula

Admin

26-Aug-20 18:33

it is not added it is subtracted - pls look at it carefully

anamika vardhan

CA Inter

★ 885

26-Aug-20 18:37

Sriram Somayajula

Admin

26-Aug-20 18:33

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it is not added it is subtracted - pls look at it carefully

Yes.but why the original cost given in balance sheet is not taken ?

Lavanya Chitturi

Moderator

26-Aug-20 22:01

The closing balance of the asset is 70.12(cost given in question) and the depreciation thereof is 0.78 which makes the opening balance 70.9 Thus Fixed asset balance in balance sheet(in Solution) 70.12 + 155.7 = 225.82