Question

Class 11th
24. You are given the following balances as on April 1, 2018 (4)
Machinery A/C
$ 15,00,000
Provision for Depreciation A/C
3,96,000
Depreciation is charged on machinery @ 20% p.a. by the diminish-
ing balance method. A piece of machinery purchased on April 1,
2016 for Rs 3,00,000 was sold on October 1, 2018 for Rs 1,80,000.
Prepare the machinery account and Provision for Depreciation A/C
and Machinery Disposal A/c for the year ended 31st March

Answer 1

HEYA MATE YOUR ANSWER IS

by the diminish-

ing balance method. A piece of machinery purchased on April 1,

2016 for Rs 3,00,000 was sold on October 1, 2018 for

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