Question

20.
6.
You are given the following balances as on April 1, 2019 :
Machinery Alc
3,00,000
Provision for Depreciation A/c
90,000
Depreciation is charged on machinery at 15% p.a. by Straight Line method. A piece
of machinery purchased on April 1, 2017 for 1,00,000 was sold on 1st October, 2019
for 20.000 and a new machinery at the cost of 1,50,000 was purchased on the
same date.
Prepare Machinery Account, Provision for Depreciation Account and Machinery
Disposal Account for the year ended 31st March, 2020.​

Answer 1

Answer:

Machinery A/c

To balance b/d 30000

Explanation:

Depreciation a/c

By balance b/d