Question

From the following information provided by Borex Co. Ltd. Prepare
Machinery Account for three financial years ending 31st March, 2019. The
company charges depreciation @ 10% per annum on the Straight Line
Method. It closes its books of accounts on 31st March, every year.
1/10/2016 Machinery purchased for Rs 30000
1/4/2017 Another machinery purchased for Rs 20000
1/4/2018 Machinery purchased on 1/10/16 sold for Rs 26000

Answer 1

Answer:

refer the attachment