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Luv Limited purchased a machine for …

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Luv Limited purchased a machine for rupees 300000 on 1 January 2012 . One more machine is purchased on 1 October in the same year for Rupees 1 lakh. company purchased one more machine on 1 July 2013 for rupees 80000 on 1 September 2015 company sold the machine which was purchased on 1st January 2012 for rupees 170000 company provides 10% per annum depreciation by straight line method on its machines and books are closed on 31st December every year. prepare machinery account, provision for depreciation account and machine disposal account for 3 years.

    • Posted by Shivam Yadav 8 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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