Question

A Ltd. Purchased a machine on 1st July, 2011 for Rs.300000 and on1st January 2013 bought another machinery for Rs.200000. On1st august, 2013 machine bought in 2011 was sold for Rs.160000.Another machine was bought for Rs.150000 on 1st October 2013. Itwas decided to provide depreciation @10% p.a. on written downvalue method assuming books are closed on 31st March each year.Prepare Machinery Account and provision for depreciation accountfor 3 years.​

Answer 1

300000-200000=100000

Explanation:

100000*10/100=10000

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( iam doing this for points bro)