Question

ARC Ltd purchased a machine on 30th June 2014 for Rs. 30,000. The machine

was expected to last for 8 years, after which it could be sold for Rs. 6,000.

However, the machine was sold on 31st December 2015 for Rs. 25,500.

Prepare the Machinery a/c of ARC Ltd for the two years ended 31st March 2016.​

Answer 1

Answer:

1. 2014 june 30th

machinery a/c. 30,000

cash a/c. 30,000

2. machinery a/c. 6,000

To sales a/c. 6,000

3. 2015 dec. 31st

machinery a/c. 25,500

To sales a/c. 25,500

may it helps u