3. Pass necessary journal entries in the books of Hardener for the month of March 2001:
a. Old machinery appearing in books exchanged for a new machinery of Rs. 5,000.
b. Issued a cheque for Rs. 1,000 in favor of landlord for a rent for the month of March.
c. Paid electricity bill of Rs. 450 by cheque.
d. The goods destroyed by theft Rs. 3,000.
e. Paid wages for the installation of machinery Rs. 5,000.
f. Accrued interest Rs. 1100.
g. Goods worth Rs. 4,000 given away by way of charity.
h. Goods taken by Proprietor worth Rs. 10,000 for personal use.
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On 1st April, 2016 a firm purchased machinery for Rs 3,00,000. On 1st October, 2016, additional machinery costing Rs 1,50,000 was purchased on 1st October, 2017, the machinery purchased on 1st April, 2016 having become obsolete, was sold for Rs 1,35,000. On 1st October, 2018, new machinery was purchased for Rs 3,75,000 while the machinery purchased on 1st October, 2016 was sold for Rs 1,27,500 on the same day. The firm provides depreciation on its machineryper annum on original cost on 31st March every year. <br> Show Machinery Account, Provision for Depreciation Account and Depreciation Account for the period of three accounting years ending 31st March, 2019.
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