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
4770 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 why do you apply for a job of an account executive?

0 Answers

What is mean by Amortization?

4 Answers TCS,

What is the master account?

0 Answers

reverse entry for provision for salary where it is made and how it is

3 Answers

If we don't use Contra Book, instead which book is to be operated CASH BOOK or BANK BANK for: e.g.Cash withdrawl from Bank or Cash deposited in Bank

1 Answers

could you please tell me what CRR & SLR?

1 Answers Wipro,

What is the difference between Loan and Advance?

16 Answers Banking, Syndicate Bank,

we have received amount from others through debit/ credit cards. what is the ledger group of this? i am confused selecting the ledger group could you explain.

0 Answers

Hi Everybody, Can anybody tell me how to create ledger in Peachtree Accounting software, means there are some Code, which Codes Comes under which ledger Account.your prompt Answer will be highly appreciated, Thanks & regards, Khan

0 Answers

why Prepaid Expense is treated as an asset & what will be its journal entry using golden rules of accounting.

4 Answers

where will lostv appear in balance sheet?

1 Answers Alfa Automation, TCS,

What is difference between Cash Flow and fund flow

0 Answers

For more Accounting General Interview Questions Click Here