Question

कम्पनी की पुस्तकों में वर्ष 2019-20 का मशीनरी खाता खोलिए।
Sejal Ltd. has a balance of 340,500 on 1st April, 2019 in
its machinery account. 10% p. a. depreciation was
charged by diminishing balance method. On 1st October,
2019 the company sold a machine as it is useless for
* 8,750 which was purchased on 1st April, 2017 for
* 12,500. On the same date the company purchased a new
machine for 25,000. On 31st March, 2020 the directors
of the company decided to adopt the fixed method of
depreciation instead of diminishing method from 1st
April, 2017
Open Machinery Account in the books of company for
2019-20.
अथवा​

Answer 1

Answer:

Calculation of Profit and loss on sale of machinery in the books of D Ltd.

Book value of machinery as on April 1, 2003                       Rs. 60000

Less : Depreciation @20 % p.a                                              Rs.(12000)

(April 1, 2003 - March 31,2004)    

Written down value of machinery on April 1, 2004               Rs. 48000

Less: Depreciation @20 % p.a for 6 months                          Rs. (4800)

(April 1, 2004 - sept. 30, 20004)

Written down value of machinery on Sept. 30, 2004           Rs. 43200

Less : Sales value of machinery                                              Rs. (20000)

(Profit)/ Loss on sale of machinery                                          Rs. 23200

Explanation: