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There is a difference of Rs.100 in both Surplus and Balance Sheet. Surplus = 34400 and Balance Sheet = 86900 . Is my answer wrong or Printing mistake ? Please Help Sir
Answers (5)
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Thread Starter
Aditya BirlaHere is the question sir
You should put a note that furniture is considered to be bought at the starting of the year. Looks like, they have taken half year depreciation and hence, the difference of Rs. 100
Dhakshana Dhakshana
Can u explain the 1st adjustment
These arethe assets that association holds. On G.P.notes, they should have received 1250 interest, so 250 is accrued
Dhakshana Dhakshana
Can u explain the 1st adjustment
5% of 25,000 is 1,250. Receipts and Payments Account shows receipt of 1,000. So, difference is accrued