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Krishna enterprises purchase a Machinery of …

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Krishna enterprises purchase a Machinery of rs. 30000 on 1 April 2016 . The firm purchased additional machinery on 1 October 2016 costing rs 20000 and on 1 July 2017 costing rs 10000 . On 1 January 2018 one third part of a Machinery purchased on 1 April 2016 was sold at the loss of 5250 . Prepare machinery account and provision for depreciation account. Assuming the firm follows the Calendar year and depreciation is charged @ 10% per annum on fixed installment method

Posted by Pravin Singh 6 years ago

CBSE > Class 11 > Accountancy

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