Depreciation on furniture is: Option 1: Rs.10,000 Option 2: Rs.3,500 Option 3: Rs.5,000 Option 4: Rs.3,000

The answer is 'Rs.5,000'. View full solution:

CUET Accountancy - Depreciation on furniture is: | PYQs + Solutions

CUET Accountancy 2023 20 June Shift 2

Financial Statements

Hard

Rs.10,000

Rs.3,500

Rs.5,000

Rs.3,000

✅ Correct Option: 3

Related questions:

11 June Shift 3

If the credit side of Receipt and Payment A/c is more than the debit side then the difference will be shown as :

29 May Shift 2

Identify the salient features of Income and Expenditure account from the following:

A. It is prepared on accrual basis.

B. It includes both revenue as well as capital items.

C. It is prepared after taking into account the additional information regarding outstanding/prepaid expenses and depreciation etc.

D. Its result is surplus or deficit.

E. It is prepared with the help of Receipts and Payments Account.

Choose the correct answer from the options given below:

15 May Shift 2

Match List-I with List-II

Match the statements with their respective Provisions/ other name

List-I	List-II
(A) AS-3	(I) Statement of profit & loss
(B) Schedule 3 of Companies Act	(II) Cash flow statement
(C) Financial status of the undertaking	(III) Final accounts of company
(D) Performance report	(IV) Balance sheet

Choose the correct answer from the options given below: