Question

Ashok Limited brought machine on 1st April 2010 for Rupees 240000 and spent 4000 on its carriage and 6000 towards installation cost on 1st July 2011 it purchase the second hand machinery for 75000 and spend 25000 on i it brought another machine on the same date for 40,000 company decided to charge depreciation @ 15% per annum on written down value method prepare machinery account for 3 years book अरे closed
its year on 31st March per annum on written down value method prepare machinery account for 3 years book ka close its year on 31st

Answer 1

Explanation:

Withdraw cash from bank for personal use - pass journal entry? Logic : There is decrease in the capital which is the liability of business for business owner. So, it will debit. Our bank account is the current asset, it is also decreased due to this transaction.