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The sameer transport company purchased 10 …

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The sameer transport company purchased 10 trucks at 90,000on April 2011.on 1 October 2013 one truck was involved in an accident and is completely destroyed 56,200 was received from the insurance company is full settlement. On the same date another truck is purchased by the company for the sum of 1,00,000.The company writes off 20 percent per annum on the diminishing balance method . The company maintain the calendar year as its financial year . Show the truck account for four year ending 31december 2014

Posted by Rohit Prasadsingh 1 year, 1 month ago

CBSE > Class 11 > Accountancy

2 answers

Shubh Agarwal 4 years, 9 months ago

The sameer transport company purchased 10 trucks at 90,000on April 2011.on 1 October 2013 one truck was involved in an accident and is completely destroyed 56,200 was received from the insurance company is full settlement. On the same date another truck is purchased by the company for the sum of 1,00,000.The company writes off 20 percent per annum on the diminishing balance method . The company maintain the calendar year as its financial year . Show the truck account for four year ending 31december 2014

Akash Bandya 4 years, 9 months ago

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