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On 1st April, 2014, Veeru Ltd. …

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On 1st April, 2014, Veeru Ltd. purchased a machinery for Rs. 2,50,000 and spent rs. 50,000 on its installation. On 1st July, 2016 1/3rd of machinery purchased on 1st April, 2014 was sold for Rs. 15,000 and a new machinery at the cost of Rs. 2,00,000 was purchased on the same date. The com-pany has adopted the method of providing depreciation @ 15% p.a. on straight line method.

Posted by Shweta Singh 4 years, 1 month ago

CBSE > Class 11 > Accountancy

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