Question

1. Raja Ltd., had purchased a machine on 1st January 2000 for Rs.40,000 and the machine
was installed on the date, its installation amounted to Rs 5000. on 1.7.2001, another machine
was purchased for Rs.18,000. On 1.7.2002 the first machine was sold for Rs.33.000 and on
the same day another machine was purchased for Rs.16,000. On 31.12.2002 the machine
bought on 1.7.2001 was sold for R$ 11,000. On 31st December the accounts are closed each
yeur. Depreciating @ 15% p.a. under Straight Line Method was charged by the compuny.
Prepare the machinery A/c for the year 2000, 2001 and 2002 and also show the workings
clearly​

Answer 1

Explanation:

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