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A firm bought a machinery on …

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A firm bought a machinery on 1st july, 2013 for rs 100000. It bought another machine on 1st october 2014 for rs 40000. On 30th june 2015 it sold the machine bought in 2013 for rs 60000 but 2000 were paid commision to agent who got this deal done and bought anothet machine on the same date for rs 60000. Depriciation was charged 20% p.a. on fixed instalment system and books were closed on 31st March each year

Posted by Anita Dubey 6 years ago

CBSE > Class 11 > Accountancy

2 answers

Ruchika Soni 6 years ago

No mine answer is 79000 i.e. closing value

Jyoti Bhardwaj 6 years ago

Carried down value for 31 march 2016 is 76,000. Is this right answer ??

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