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  • Asset A/C Date Particulars Amount Date Particulars Amount

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    Ashish Singhal
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    This document shows accounting entries for a non-banking property (NBP) asset account over multiple years. It records the NBP's initial purchase amount of Rs. 40,000 in 1986, annual depreciation amounts, and balances carried forward each year. In 1988, part of the NBP was sold for Rs. 15,000 and depreciation was split between the portion sold and the remaining asset.

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    Nbp

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    This document shows accounting entries for a non-banking property (NBP) asset account over multiple years. It records the NBP's initial purchase amount of Rs. 40,000 in 1986, annual depreciation amounts, and balances carried forward each year. In 1988, part of the NBP was sold for Rs. 15,000 and depreciation was split between the portion sold and the remaining asset.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    10 views1 page

    Asset A/C Date Particulars Amount Date Particulars Amount

    Uploaded by

    Ashish Singhal
    This document shows accounting entries for a non-banking property (NBP) asset account over multiple years. It records the NBP's initial purchase amount of Rs. 40,000 in 1986, annual depreciation amounts, and balances carried forward each year. In 1988, part of the NBP was sold for Rs. 15,000 and depreciation was split between the portion sold and the remaining asset.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Nbp

    DATE
    1/7/86

    PARTICULARS
    To Bank a/c

    ASSET A/C
    AMOUNT
    DATE
    PARTICULARS
    40000 31/12/86 By Depreciation a/c
    By Bal. c/d

    1/1/87

    To Bal. b/d

    1/1/88
    To Bal. b/d
    31/10/88 To Bank a/c

    40000
    38000 31/12/87 By Depreciation a/c

    38000
    40000
    3800

    By Bal. c/d
    38000
    34200 31/10/88 By Deprecation (1/4)
    15000
    By Bank a/c
    By P&L a/c
    By Depreciation (3/4)
    By Depreciation (new)

    34200
    38000
    712
    5600
    2238
    2565
    250

    By Bal. c.d

    1/1/89

    nbp

    To Balk. b/d

    AMOUNT
    2000

    49200
    37845

    37845
    49200

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