Question

17. A limited company purchased on 1st January, 2011 a plant for 38,000 and spent 2.000
carnage and brokerage On 1st April 2012 it purchased additional plant costing 20.000.-
1st August, 2013 the plant purchased on 1st January, 2011 was sold for 25,000. On the
same date, the plant purchased on 1st April 2012 was sold at a profit of * 2,800. Depreciation
is provided @ 10% per annum on diminishing balance method every year. Accounts are
closed on 31st December every year. Show the plant account for 3 years.​

Answer 1

Answer:

,A limited company purchased on 1st January, 2011 a plant for 38,000 and spent 2.000

A limited company purchased on 1st January, 2011 a plant for 38,000 and spent 2.000carnage and brokerage On 1st April 2012 it purchased additional plant costing 20.000.-

A limited company purchased on 1st January, 2011 a plant for 38,000 and spent 2.000carnage and brokerage On 1st April 2012 it purchased additional plant costing 20.000.-1st August, 2013 the plant purchased on 1st January, 2011 was sold for 25,000. On the

A limited company purchased on 1st January, 2011 a plant for 38,000 and spent 2.000carnage and brokerage On 1st April 2012 it purchased additional plant costing 20.000.-1st August, 2013 the plant purchased on 1st January, 2011 was sold for 25,000. On thesame date, the plant purchased on 1st April 2012 was sold at a profit of * 2,800. Depreciation

A limited company purchased on 1st January, 2011 a plant for 38,000 and spent 2.000carnage and brokerage On 1st April 2012 it purchased additional plant costing 20.000.-1st August, 2013 the plant purchased on 1st January, 2011 was sold for 25,000. On thesame date, the plant purchased on 1st April 2012 was sold at a profit of * 2,800. Depreciationis provided @ 10% per annum on diminishing balance method every year. Accounts are

A limited company purchased on 1st January, 2011 a plant for 38,000 and spent 2.000carnage and brokerage On 1st April 2012 it purchased additional plant costing 20.000.-1st August, 2013 the plant purchased on 1st January, 2011 was sold for 25,000. On thesame date, the plant purchased on 1st April 2012 was sold at a profit of * 2,800. Depreciationis provided @ 10% per annum on diminishing balance method every year. Accounts areclosed on 31st December every year. Show the plant account for 3 years.