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Q2. X owns five house property details of which are as follows- calculated income from HP for each I II III IV V Municipal valuation Fair rent Standard rent Rent Unrealized rent Municipal taxes Repair Ground rent Nature of occupation 40000 39000 15000 24000 50000 55000 51000 70000 77000 80000 80000 81000 38000 42000 14000 24000 69000 4000 8000 16000 1500 12000 800 Rented 7000 15000 400 Used for Profession 3000 5000 15000 600 Rented 14000 900 Self- occupied 600 Rented property, for the property no 1 and 5, municipality tax, is not paid even if become due.

Q2. X owns five house property details of which are as follows- calculated income from HP for each I II III IV V Municipal valuation Fair rent Standard rent Rent Unrealized rent Municipal taxes Repair Ground rent Nature of occupation 40000 39000 15000 24000 50000 55000 51000 70000 77000 80000 80000 81000 38000 42000 14000 24000 69000 4000 8000 16000 1500 12000 800 Rented 7000 15000 400 Used for Profession 3000 5000 15000 600 Rented 14000 900 Self- occupied 600 Rented property, for the property no 1 and 5, municipality tax, is not paid even if become due.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Q2. X owns five house property details of which are as follows- calculated income from HP for each I II III IV V Municipal valuation Fair rent 40000 39000 15000 24000 14000 24000 50000 55000 51000 70000 77000 80000 80000 81000 Standard rent Rent Unrealized rent Municipal taxes Repair Ground rent Nature of occupation 69000 38000 42000 4000 3000 15000 7000 1500 12000 8000 16000 5000 14000 900 Self- 15000 400 Used for Profession 600 Rented 800 Rented 600 Rented occupied property, for the property no 1 and 5, municipality tax, is not paid even if become due.
Transcribed Image Text:Q2. X owns five house property details of which are as follows- calculated income from HP for each I II III IV V Municipal valuation Fair rent 40000 39000 15000 24000 14000 24000 50000 55000 51000 70000 77000 80000 80000 81000 Standard rent Rent Unrealized rent Municipal taxes Repair Ground rent Nature of occupation 69000 38000 42000 4000 3000 15000 7000 1500 12000 8000 16000 5000 14000 900 Self- 15000 400 Used for Profession 600 Rented 800 Rented 600 Rented occupied property, for the property no 1 and 5, municipality tax, is not paid even if become due.
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