Accountancy, asked by jigmetwang78, 2 months ago


16. A machinery was purchased for * 10.000 on 1st April 2015 by Ashaq Rasool. It was decided
to depreciate it at the rate of 10% p.a. on original cost method, On 1st October, 2016, another
machinery was purchased for * 20.000 On 1st April, 2017, the machinery bought on 1
April, 2015
was sold for 8,500.
Prepare Machinery Account for three years assuming that the books are closed on 31st
March each year.

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Answered by wissenacademy101
2

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