Question

A machine was purchased at 15000 on 1st july 2017 at depreciation @10%per annum , books are closed on 31st December, show machine account and depreciation account for the year 2017 and 2018​

Answer 1

Answer:

to Bank ac dr. side 15000. by depreciation ac. 650

(15000×6/12×10/100)

by balance c/d 14,350

to balance b/d 14350. 2018. by depreciation ac 650

by balance c/d 13,700

to balance b/d 13,700