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A firm purchased on 1st January, …

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A firm purchased on 1st January, 2012 certain Machinery for Rs. 5,82,000 and spent Rs. 18, 000 on its erection. On 1st July, 2012, additional machinery costing Rs. 2,00,000 was purchased. On 1 st July, 2014, the machinery purchased on 1st January, 2012 was auctioned for Rs. 2,86,000 and a fresh machinery for Rs. 4,00,000 was purchased on same date. Depreciation was provided annually on 31st December at the rate of 10% on written down value method. Prepare Machinery account from 2012 to 2014.

Posted by Rajvi Pandya 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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