1. On 01-01-2016 Shailaja Company purchased a Machinery for Rs. 100000. On 01-01-2017
another Machinery was purchased for Rs.60000. On 30-06-2018 the Machinery that was
purchased on 01-01-2017 was sold for Rs. 44000 Depreciation was charged at 10% p.a. on
original cost. Show Machinery account for 3 years.
Answers
Answer:
Machinery A/C
Date Particulars Amount Date Particulars Amount
1/1/16 To Cash A/c 100000 31/03/16 By Dep A/C 2500
31/03/16 By Bal c/d 97500
100000 100000
1/4/16 To Bal b/d 97500 31/03/17 By Dep A/C 1/1/17 To Cash A/C 60000 I. 9750
II. 1500 11250
31/03/17 By Bal c/d
I. 87750
II. 58500 146250
157500 157500
1/4/17 To Bal b/d 146250 31/03/18 By Dep A/C 14625
I. 87750 I. 8775
II. 58500 II. 5850
31/03/18 By Bal c/d 97500
I. 78975
II. 52650 131625
146250 146250
1/4/18 To Bal b/d 131625 30/6/18 By Dep A/C 1316
I. 78975 30/6/18 By Cash A/C 44000
II. 52650 30/6/18 By P&L A/C 7334
31/3/19 By Dep A/C 7898
31/3/19 By Bal c/d 71077
131625 131625