Question

A transport company purchased two motor car each costing Rs 270000 on 1-7-87.On 1-1-90 a car was completely destroyed by accident and the insurance company paid compensation of Rs 162000. On the same date another car was purchased for Rs 300000. Depreciation on original cost @ 20 percentage was charged . Accounts were closed by 31 st march every year . Prepare motor car a/c up to 31-3-91

Answer 1

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