#accounting

Ketan purchased furniture of Rs 160,000/- on 1.10.2016. Purchased another furniture of Rs 2100001-on 1.7.2017. Depreciation is provided @ 15% p-a. every year. On 1.1.8 2019 sold first furniture for Rs. 70000Prepare ledger furniture & depreciation account for three years 2016-17, 17-18, 18-19

1.With examples, differentiate consignment accounting from joint venture accounting. Your details should cover the meaning and key features of consignment and joint venture business arrangementstogether withkeyaccounts maintained under each arrangement?

Using the basic accounting equation identify the missing item. Assets = 1700 Liabilities = ? Capital = 200 Retained Earnings = 500