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Mr. X purchased a secondhand machinery …

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Mr. X purchased a secondhand machinery on 1.5.2016 for 50,000, paid 11,000 fur ita ove hauling and 5,000 for its installation which was completed by 30.6.2016. The company provide depreciation on ita 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 an the machine and 5,000 were paid for the same. The Machine was sold on 31.1.2019 for a sum of 11.00 and an amount of 1,000 was paid

Posted by Moody Yt 1 year, 10 months ago

CBSE > Class 12 > Other Subjects

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