Question

M/s. Sharad Bros. purchased machinery on 1st April, 2016 for 50,000. On 1st October, 2017, additons were made of 10,000. On 1st July, 2018, further addition was made of 6,400. On 30th September, 2019, machinery the original value of which was 8,000 on 1st April, 2016, was sold for 6,000. Depreciation ischarged @ 10% p.a. on the original cost.Prepare the Machinery Account for four years ending 31st March, 2020

Answer 1

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Answer 2

Answer:

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