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Please don't ignore this question I need urgent help ?? Solve by write down value method on April 1 2017 a company purchased machinery for rupees 300000 on which they spent 5000 for carriage 2000 brokerage and 3000 for it installation. on November 1 2018 they purchased and other machinery for rs 100000 and spent 20,000 on its installation. on 30th September 2019 the machinery purchased at 2017 was sold at a loss of 127800 . Prepare machine account assuming 31st March as the closing basis if depreciation is to be charged at the rate of 10% on write down value method

Posted by Shubhangi Shrivastava 5 years, 3 months ago

CBSE > Class 11 > Accountancy

1 answers

Madhav Gaba 5 years, 3 months ago

On april 1 Machinery ac. 3010000 To cash ac 3010000 On nov 1 machinery ac 120000 To cash ac. 120000 On 30 sep. Cash ac 18200 To mac.ac. 18200

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