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on April 1, 2011X L. t. d. purchased Machinery for 100000The accounting year of the company ends on 31st December every year. Depreciation @10percent p. a. on the initial cost is charged to profit and loss Account and credited to a separate account known as ' provision for depreciation ' account. on 1st July 2013 the machine purchased on 1st April 2011 was sold for 60000. you are required to prepare machinery Account and provision for Depreciation Account upto 2013.

Posted by Shubham Singh 6 years, 11 months ago

CBSE > Class 11 > Accountancy

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Bikash Ram 6 years, 11 months ago

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