Question

50;
50]
is
or
eld
5. On 1st January 1996, Machinery was purchased for Rs. 2,50,000. On 1st June, 1997
additions were made by purchasing a machinery for Rs. 50,000. On 1st March 1998,
another machinery was purchased for Rs. 32,000. On 30th June 1999, machinery of
the original value of Rs. 40,000 on 1-1-1996 was sold for Rs. 30,000. Depreciation is
charged at 10% on original cost. Show the machinery account for the years 1996 to
1999 closing the accounts on 31st December each year.
Madras, B.C.A. /B.Sc. (ICE) May 2001]
[Ans : Balance in Machinery A/c : Rs. 1,89,216;
no
Gain on sale of Machinery : Rs. 4,000]
5]
nt
00​

Answer 1

Answer:

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