Question

On 1st April, 2014, Altd purchased machine for Rs 240,000 and spent Rs 10,000 on its crection. On 1st October 2016, the machine purchased on Ist April 2014 sold for Rs. 143,000 and the same date, machine was purchased cost the machinery account for the
first financial years after charging deprection at 5%/o.a. by straight line method Accounts are closed
on 31st March Every year.​

Answer 1

Answer:

first financial years after charging deprection at 5%/o.a. by straight line method Accounts are closed

on 31st March Every year.