Question

If the opening and closing balances of Plant and Machinery are Rs 2,00,000 and Rs 2,76,000 respectively, depreciation during the year being Rs
20,000 the additions made during the year are:
Options​

Answer 1

Answer:

plant and Machinery account

dr. cr

particular. amt. particular. amt

balance b/d. 200000. depreciation 20000

bank a/c. 96000. balance c/d. 276000

(purchase)

B/F. 296000. 296000

Addition in plant is 96000