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The following balances appear in the …

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The following balances appear in the books of Crystal Ltd. on 1st April, 2018. Items Amount () Machinery account Provision for depreciation account 15,00,000 5,50,000 On 1st July, 2018, a machinery which was purchased on 1st April, 2015 for 2,00,000 was sold at a loss of Rs. 1,500. A new machine was purchased on 1st Nov., 2018 for 9,00,000. Depreciation is provided on machinery at 20% per annum on straight line method and books are closed on 31st March every year. Prepare the machinery account and provision for depreciation account for the year ending 31st March, 2019.

Posted by Prachi Nagar 6 years ago

CBSE > Class 11 > Accountancy

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Adarsh Pokhriyal 6 years ago

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