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On 1April 2014, Alpha Ltd. Purchased …

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On 1April 2014, Alpha Ltd. Purchased a machinary for 8,00,000.On 1January 2017, a part of machinary purchased on 1April 2014, for Rs. 1,00,000 was sold for Rs. 55,000 and a new machine at a cost of Rs. 1,30,000 was installed on same date. Company chaged depreciation @ 10% on original cost method. Pass journal entries with Asset Dont sposal Account without maintaining Provision for depreciation A/c for 3 years ending on 31 March.

Posted by Kamal Sharma 7 years ago

CBSE > Class 11 > Accountancy

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