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On 1st July 2012 A co.Ltd.purchase …

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On 1st July 2012 A co.Ltd.purchase second hand machinery for rs 20000 and spends 3000. On 1st January 2013 the firm purchase new machinery Worth rs 12000.On 30th June 2014 the machinery purchased on 1st January 2013 was sold for rs 8000 and on 1st July 2014 a fresh plant was installed. Payment for this plant was to be made as follow 1st July 2014 rs 5000 30th June 2015 rs 6000 30th June 2016 rs 5500 The company writes off 10%p.a.on the original cost year ended 31st March 2015

Posted by Yuvraj Singh Chouhan 8 years, 4 months ago

CBSE > Class 11 > Accountancy

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