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On 1st July 2014 15 Sohan …

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On 1st July 2014 15 Sohan Lal and sons purchase the plant costing 60000 additional Plant was purchased on 1st January 2016 for rupees 40001 1st October 2016 for rupees 20000 on 1st April 2017 one third of the plant purchase on 1st July 2015 was found to have become obsolete and was sold for 60000 prepare the plant account for the first 3 years in the book of Sone lal and sons depreciation is charged at 10% per annum on straight line method account are closed on 31st March every year

    • Posted by Manish Gupta 8 years, 3 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Manish Gupta 8 years, 3 months ago

    Loss on sale of plant 10500; balance of plant A/c 77000

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