Loss on sale of furniture is Option 1: Rs.20,000 Option 2: Rs.30,000 Option 3: Rs.25,000 Option 4: Rs.28,000

The answer is 'Rs.30,000'. View full solution:

CUET Accountancy - Loss on sale of furniture is | PYQs + Solutions

CUET Accountancy 2023 20 June Shift 2

Financial Statements

Easy

Rs.20,000

Rs.30,000

Rs.25,000

Rs.28,000

✅ Correct Option: 2

Related questions:

30 May Shift 1

Which among the following is NOT the feature of the Presentation of the Financial Statement?

15 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Reserves and Surplus	(I) Share Options Outstanding Account
(B) Non-current Liabilities	(II) Long term provisions
(C) Current Liabilities	(III) Short-term borrowing
(D) Shareholder's Fund	(IV) Calls in arrear

Choose the correct answer from the options given below:

23 Aug Shift 2

Calculate prize fund expenses incurred during the year 2021-22 from the following information

Prize fund as on 1 April, 2021 Rs. 80,000

Donation received for Prize Fund Rs. 15,000

10% Prize Fund Investment Rs. 80,000

Interest Received Rs. 5,000

Interest Accrued Rs. 3,000

Prize fund as on 31 March, 2022 Rs. 70,000