Question

9. On January 1998, a machinery was purchased by Farzana for Rs 20,000. On 1 July 1999. additions were
made to the extent of Rs 4,000 on 1 April 2,000 further additions were made to the extent of Rs 2.560. On
30 June 2001. a machinery, the original value of which was Rs. 3.200 on 1 January 1998 was sold for Rs
2400. Farzana closes her books on 31 December each year,
Show the machinery account for four years from 1998 to 2001 in the books of Farzana, i depreciation is charged at
10% under onginal cost method.
e Ralance in the Machinery Account -Rs. 15,192​

Answer 1

Explanation:

9. On January 1998, a machinery was purchased by Farzana for Rs 20,000. On 1 July 1999. additions were

made to the extent of Rs 4,000 on 1 April 2,000 further additions were made to the extent of Rs 2.560. On

30 June 2001. a machinery, the original value of which was Rs. 3.200 on 1 January 1998 was sold for Rs

2400. Farzana closes her books on 31 December each year,

Show the machinery account for four years from 1998 to 2001 in the books of Farzana, i depreciation is charged at

10% under onginal cost method.

e Ralance in the Machinery Account -Rs. 15,192