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X purchased a second hand machine …

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X purchased a second hand machine on 1 feb 2014 for ₹ 50000 and pay 11000 for its installation and 5000 for its overhauling on 31 march 2014 The company provide depreciation on its machine at 15 % per annum on diminishing balance method from that date to it's use and closes its book on 31 Dec every year On 1 October 2015 a repair work was carried out it's machine and 5000 pay for sale The machine was sold on 31 October 2016 for 11000 and amount 1000 was paid dismentally charges. Prepare machinery account 2014 to 2016 with written down value method

Posted by Harmanpreet Kaur 10 months ago

CBSE > Class 11 > Accountancy

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