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Ashoka Ltd. bought a machine on …

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Ashoka Ltd. bought a machine on 15 April, 2017 for 32,40,000 and spent 34,000 on its carriage and 36,000 on its installation. On 19 July, 2018 it purchased a second hand machinery for 375,000 and spent 325,000 on its overhauling. On 1st January, 2020 it decided to sell the machinery bought on 1" April, 2017 at a loss of *20,000. It bought another machine on the same date for Rs.40,000. Company decided to charge depreciation @ 15% p.a. on written down value method. Prepare machinery account for 3 years. Books are closed each year on 31 March.

Posted by Rachna Sehgal 3 years, 11 months ago

CBSE > Class 11 > Accountancy

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