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on 1st april 2014 veeru purchased …

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on 1st april 2014 veeru purchased a machinery for Rs.2,50,000 and spent ts.50,000 on its installation. In 1st july ,2016 1/3rd of machinery purchased on 1st april 2014 was sold for rs.15,000 and a new machinery cost of rs. 2,00.000 was purchased on the same date . The company has adopted the method of providing depreciation @15% p.a. on straight line method. Show the machinery account , provision for depreciation account and machinery disposal account for three years ended 31st March 2015 to 31st March 2017.

    • Posted by Jasneet Kaur 5 years, 2 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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