Question

on 1.1.90 purchased machineries worth Rs.1,80,000 in a business firm. On 30.6.1990 a machine purchased for Rs.20,000. On 31.12.1990 a machine was sold for Rs.4200 which was purchased for Rs.4000 on 1.1.90. On 31.12.91 a machine bought on 1.1.90 for Rs.12,ooo was sold for Rs.8000.

Answer 1

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