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4. On 1st April ,2014,A Ltd. …

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4. On 1st April ,2014,A Ltd. Purchased a machine for ₹2,40,000 and spent ₹10000 on its erection.On 1st October,2014,an additional machinery costing ₹1,00,000 was purchased. On 1st October , 2016, the machine purchased on 1st April,2014 was sold for ₹1,43,000 and on the same date ,a new machine was purchased at a cost of ₹2,00,000. Show the machinery Account for the first four financial years after changing depreciation at 5%p.a. by the straight Line method.

Posted by Deepak Kumar 6 years ago

CBSE > Class 11 > Accountancy

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