In the trial balance on March 31, 2010 building appeared at a gross value at 11,20,000. Provision
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In the trial balance on March 31, 2010 building appeared at a gross value at ₹11,20,000. Provision for depreciation in the trial balance is at ₹2,24,000. The company has the practice of charging depreciation @ 20% as per SLM on this asset. Show how adjustment entry and how this item will appear in the balance sheet.
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