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On 1st August 2019, Shizuka Ltd. …

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On 1st August 2019, Shizuka Ltd. purchased a machinery for 3,00,000. On 1st November, 2020 another machinery was purchased for 1,80,000. On 1st July 2021, the machine purchased on 1st August, 2019 was sold for 1,68,000 and on the same date a fresh machinery was purchased for 2,00,000. Depreciation was provided @ 10% p.a. on the Reducing Balance Method. Books are closed on 31st March every year. You are required to prepare Machinery Account and Provision for Depreciation Account for three years ending 31st March, 2022.

Posted by Divyansh Biyani 1 year, 9 months ago

CBSE > Class 11 > Accountancy

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