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Kamat had purchased a machine for …

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Kamat had purchased a machine for * 1,00,000 plus IGST @ 12% on 1st October. 2018. Another machine was purchased for 60,000 plus IGST @ 12% by cheque on 1st April, 2020. Depreciation is charged @ 10% p.a. by Straight Line Method. Accounts are closed every year on 31st March. You are required to pass necessary Journal entries for the years ended 31st March, 2019, 2020, and 2021, prepare Machinery Account and show Machinery in the Balance Sheet: (i) When Depreciation is credited to the Asset Account; and (ii) When Depreciation is credited to Provision for Depreciation Account. JOIN

Posted by Kajal Shrivastav 1 year, 11 months ago

CBSE > Class 11 > Accountancy

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