Question

ABC limited purchased a machinery for 100000 on 1.1.2016. on 1.4.2016 another machinery was purchased for 80,000. On 30.6.2018 the machinery purchased on 1.1.16 was sold for Rs. 60000. On 30.3.2019 the machinery purchased on 1.4.2016 was sold for Rs.65000. on the same day another machinery was purchased for Rs.50000. Depreciation is calculated @ 10%pa and the accounts are closed 31st march of every year. Prepare necessary ledgers.

Answer 1

Answer:

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Explanation:

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