DO
32. Following balances appear in the books of M/s. Amrit as on 1st April, 2017:
2017
₹
1st April Machinery Alc
60,000
Provision for Depreciation Alc
36,000
On 1st April, 2017, they decided to dispose off a machinery for 8,400 which was purchased
on 1st April, 2013 for 16,000.
You are required to prepare the Machinery A/C, Provision for Depreciation A/c and
Machinery Disposal A/c for the year ended 31st March, 2018. Depreciation was charged at
10% on Cost following SLM.
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