Question

firm on 1 January 2015
purchased an old machine
for 10,000 and incurred 4000 on its renewal
on 1 July 2016 , the firm purchased one more new machine for 20000 .on 30 september 2017 the machine purchased
On 1st July 2016 was sold for
15ooo and on 1st October
2017 a new machine was purchased for 20000. The firm
provides depreciation every year on 31 March @ 10% p.a. on
dimintaining balance method. Show Machinery
Account upto 31st March 2018​

Answer 1

here is your answer in this q there is loss of 2575 of sale of machine