Question

on 1st April 2015 farid of nashik purchased a motor car for rs 55000 the scrap value of the motor car was estimated at rs 10000 and its estimated life is 10 year's. The registration charges of the motor car was rs 5000. Show motor car account for first four years assuming that the books of accounts are closed on 31st march evry year. in straight line method​

Answer 1

Answer:

On 1st April 2015 Farid of Nasik purchased a Motor Car for 55,000. The scrap value of

the Motor Car was estimated at 7 10,000 and its estimated life is 10 years The Registration

charges of the Motor Car was 5,000.

Show Motor Car Account for first four years, assuming that the books of accounts

So, d0

are closed on 31st March every year

Explanation:

On 1st April 2015 Farid of Nasik purchased a Motor Car for 55,000. The scrap value of

the Motor Car was estimated at 7 10,000 and its estimated life is 10 years The Registration

charges of the Motor Car was 5,000.

Show Motor Car Account for first four years, assuming that the books of accounts

So, d0

are closed on 31st March every year