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Birla Cotton Mills purchased a machinery …

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Birla Cotton Mills purchased a machinery on 1 st August,2015 for Rs 90000. On 1 st October, 2016 it purchased another machine for Rs 40000. On 30 th June,2017 it sold off the first machine purchased in 2015 for Rs 58000 and on the same date purchased a new machinery for Rs 100000. Depreciation is provided at 20% p.a. on the original cost each year. Accounts are closed each year on 31 st March. Show the Machinery Account for three years.

Posted by Miaa Parak 4 years, 2 months ago

CBSE > Class 11 > Accountancy

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