HomeTown offers a furniture exchange program where you can trade in your old furniture for a discount on new furniture. For example, if the exchange value of an old bed is ₹30,000, you can buy up to ₹1,20,000 to get a 25% discount. You can also get up to 15% off on select furniture without exchanging.

26 Enter the following transactions in the Purchases Book of Bharat Furniture House, Delhi: Feb 3 Bought goods from Rajat Furniture House, Delhi vide Invoice No. 053 25 Chairs @ 400 each 20 Tables @ 800 each Less: 10% Trade Discount Feb 9 Purchased from Jasmine Furniture's, Rohtak 5 Sofa sets @ 4,000 each 5 Centre Tables @ 2,000 each Less: 15% Trade Discount. Feb 21 Purchased delivery van for ₹1,50,000 from Mahindra Sons on two month credit. Feb 25 Bought goods from Goyal Furniture House vide cash memo no. 103 30 Almirahs @ 5,000 each.

Byju's AnswerStandard IXMathematicsComputation of Income TaxOn 1st April,...QuestionOn 1st April, 2015, furniture costing ₹ 55,000 was purchased. It is estimated that its life is 10 years at the end of which it will be sold for ₹ 5,000. Additions are made on 1st April 2016 and 1st October, 2018 to the value of ₹ 9,500 and ₹ 8,400 (Residual values ₹ 500 and ₹ 400 respectively). Show the Furniture Account for the first four years, if Depreciation is written off according to the Straight Line Method.SolutionFurniture AccountDr.Cr.DateParticularsJ.F.Amount(₹)DateParticularsJ.F.Amount(₹)20152016April 01Bank (F1)55,000March 31Depreciation (F1)5,000March 31Balance c/d (F1)50,00055,00055,00020162017April 01Balance b/d (F1)50,000March 31DepreciationApril 01Bank (F2)9,500F15,000F29005,900March 31Balance c/dF145,000F28,60053,60059,50059,50020172018April 01Balance b/dMarch 31DepreciationF145,000F15,000F28,60053,600F29005,900March 31Balance c/d

On 15 November 2017, NZ Antique Furniture Importers acquires furniture from a supplier in Europe. The furniture is shipped f.o.b. from Brussels on 15 November 2017. The cost of the furniture is €600,000. The amount has not been paid at 31 December 2017. Exchange rates are as follows:15 November 2017NZ$1.00 = €0.5931 December 2017NZ$2.17 = €1.00What is the amount payable at 15 November and 31 December 2017 in New Zealand dollars (rounded to the nearest whole NZ$)? Did the New Zealand dollar strengthen or weaken? Question 3Select one:a.15 November 2017$1,302,00031 December 2017$1,111,111 The New Zealand dollar weakened.b.15 November 2017$1,016,94931 December 2017$1,302,000 The New Zealand dollar strengthenedc.15 November 2017 $246,00031 December 2017 $324,000 The New Zealand dollar weakened.d.15 November 2017$1,302,00031 December 2017$1,111,111 The New Zealand dollar strengthened.e.15 November 2017 $246,00031 December 2017 $324,000 The New Zealand dollar strengthened.f.15 November 2017$354,00031 December 2017$276,000 The New Zealand dollar strengthened.g.15 November 2017$1,016,94931 December 2017$1,302,000 The New Zealand dollar weakened.h.15 November 2017$354,00031 December 2017$276,000 The New Zealand dollar weakened

he average price of three items of furniture is Rs. 15000. If their prices are in the ratio 3:5:7, the price of the cheapest item is:Options :R9000R15000] R18000R21000

The average price of three items of furniture is Rs. 15000. If their prices are in the ratio 3:5:7, the price of the cheapest item is:Options :R9000R15000] R18000R21000