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Mr.X purchased a secondhand machinery on …

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Mr.X purchased a secondhand machinery on 1.5.2016 for t 50,000, paid ? 11,000 fur ita ove hauling and 5,000 for ita installation which was completed by 30.6.2016. The company provide depreciation on its machinery at 15% on diminishing balance method from the date it was put to and closes its books on 31st March every year. On 1.1.2018, a repair work was carried out on machine and 5,000 were paid for the same. The Machine was sold on 31.1.2019 for a sum of 11 and an amount of 1,000 was paid as dismantling charges. Prepare Machinery Account from 2016-17 to 2018-19.

Posted by Ruchi Verma 3 years, 7 months ago

CBSE > Class 12 > Accountancy

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Akash Kumar 3 years, 4 months ago

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