Question

on 1st july 2010 x lmt. purchaseda machinery for Rs.15,00,000.Depriciation is provided@20% p.a. on the original cost of the machinery and books are closed on 31st march each year .On 31st may 2012, a part of this machine purchased on 1st july 2010for Rs.3,60,000was sold for Rs 2,40,000 and on the same date new macinery was purchased for Rs. 4,20,000. You are required to prepare a machinery account, provision for depriciation account, machinery disposal account

Answer 1

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