19. The original cost of original furniture amounted to 4,000 and it is decided to write off 5% on the original cost as Depreciation at the end of each year. Show the Ledger Account as it will appear during the first four years.  Show also how the same account will appear if it was decided to write off 5% p.a. on the diminishing balance of the asset each year.

T.S.Grewal/2024 Edition/Practical Problems/Q-19

For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.

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