Question

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Illustration.2
costing 85000 and spent
5,000 on its registration. On 30th Sept 2016 additional Vehicle is purchased for * 10,000.
12000 x 10 x 6
2000oXo = 2000
- 600
April 2016 20000X10/100 X 6112=1000 100 12
TO D
Prepare Vehicle A/c for the years 2016-17, 2017-18 and 2018-19 and pass the Journal Entries for the
year 2017-18 assuming that Vehicle is depreciated at 10% p.a. on Diminishing Balance Method on
31st March each year. 20000 - 12000 5 8000 + 10000 = 18000 = 18000
XD
Sangam Trading Co. Buldhana purchased Vehicle on 1st April 2016 costing 85,000 and spent
On 31st March 2018,a Vehicle was sold for 12,000 the Original Cost of which was 20,000.on 1st​

Answer 1

Answer:

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