Bharat Industries bought a machinery on 1st April, 2014 for 80,000. On 1st
2015 it bought another machine for 30,000.
On 31st March, 2016, it sold the machine bought in 2014 for * 51,000 and
Ardi 1.000 as commission to broker who materialised the deal. It bought a new
machine on the same date for * 27,000. It was decided to provide depreciation
machinery @ 20% p.a. on straight line method. Accounts are closed on 31st
Daember each year.
Show Machinery A/c for 3 years.
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the industry bode matching to farmers April for 2014 80000 on
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