Accountancy, asked by preet2961, 1 year ago

Bhavanoor Textiles Limited, for whom the accounting year is the financial year, purchased

machinery on 1st April 2009 costing Rs. 30,00,000 (excluding installation expenses of Rs. 5,00,000

and transportation expenses of Rs. 1,00,000). It purchased machinery on 1st July, 2009 costing Rs.

10,00,000 (including 5% as installation expenses) and further machinery was purchased on 1st

October, 2009 for Rs.5,00,000. On this date, one third of the machinery purchased on 1st April

2009 was sold for Rs. 5,00,000. You are required to prepare the machinery account for the year

ended 31st December 2009.
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Answers

Answered by manish2808
6

See the attached answer.

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