Question

Illustration 26 (With GST).
ABC Ltd. purchased a plant on 1st April, 2017 for 1,00,000. On 1st October, 2017
an additional plant was purchased costing 50,000 plus CGST and SGST @ 6% each
On 1st October, 2018 the plant purchased on 1st April, 2017, having become obsolete
was sold for 40,000, charging CGST and SGST @ 6% each. Depreciation is provided
@ 10% p.a. on cost on 31st March every year. Show the Machinery, Machinery
Disposal and Provision for Depreciation Accounts for the years ended 31st March, 2018
and 2019. Also show CGST and SGST Accounts for​

Answer 1

Answer:

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