French, asked by Anonymous, 3 months ago

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Answers

Answered by SmitaMissinnocent
3

Answer:

1.1.2004, a machinary was purchased for

Rs. 80,000. On 1.1.2005 additions were made to

the amount of Rs. 40,000. On 31.3.2006,

machinery purchased on 1.1.2005 costingRs. 12,000 was sold for Rs. 11,000, and on

30.6.2006, machinery purchased on 1.1.2004

costing Rs. 32,000 was sold for Rs. 26,700. On

1.10.2006 additions were made to the amount of

Rs. 20,000. Depreciation was provided at 10% per

annum on diminishing balance method.

Show the machinery A/c for three years from

2004-2006 (Accounts are closed every year on

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