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Pass the journal entries of the …

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Pass the journal entries of the following transaction .on 1st april 2016,a firm purchased a machinery for ₹3,00,000.on 1stoctobar 2016,additional machinery costing ₹1,50,000 was purchased on 1st octobar 2017, the machinery purchased on 1st april 2016 having become obsolete was sold for₹1,35,000 .on 1st octobar 2018 new machinery was purchase for ₹3,75,000 while the machinery purchased on 1st octobar 2016 was sold for₹1,27,500 on the same day.the firm provide depriciation on its machinery @10%per annum on original cost on 31st march every year.

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CBSE > Class 11 > Accountancy

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