Question

M/s Diwan and Company purchased Machine 'A' for Rs. 2,00,000 on 01-04-2013. On 01-10-2013 Machine 'B' was purchased for Rs. 1,00,000. On 31-07-2015 Machine 'B' was sold for Rs 82,000. It was decided to depreciate the machines @ 10% p.a under Diminishing Balance Method. Prep are Machinery A/c And Depreciation A/c for 4 years.​

Answer 1

Step-by-step explanation:

M/s Diwan and Company purchased Machine 'A' for Rs. 2 , 00 , 000 2 , 00 , 000 on 01-04-2013. On 01-10-2013). 'B' was purchased for Rs.1,00,000. On 31-07-2015 Machine 'B' was sold for Rs. 82,000 . It was daxy depreciate the machines @ 10\% p.a. under Diminishing Balance Method. Prepare Machinery. Depreciation A/c for 4 years. (Ans:- Balance of machinery A/c on 31-03-2017 Rs. 1,31,220, Loss ony machine 'B' Rs. 650)Read more on Sarthaks.com - https://www.sarthaks.com/2205164/m-s-diwan-and-company-purchased-machine-a-for-rs-2-00-000-on-01-04-2013-on-01-10-2013