Question

A school purchased a furniture for ₹ 80,000 and spent ₹ 1,200 for carriage. The furniture should be capitalised for:

Options

• ₹ 80,000

• ₹ 81,200

• ₹ 1,200

• ₹ 78,800

Answer 1

₹ 81,200

Explanation:

Capitalised Value of Furniture = ₹ 80,000 + ₹ 1,200 = ₹ 81,200