Question

On 4 of Oct 2018 Om Lid purchase a machine for Rs.6.00.000 plus CGST and SGST @ 9%. On 2 of Jan 2019 they purchased another machine for Rs.1.80,000 paid installation expenses Rs. 15,000 and Rs.5.000 for wages. On 1 April 2020 the machine purchased on 4 Oct 20 was sold for Rs.4.55.000. On the same day another machine was purchased for Rs.1,20,000. You are require to prepare machinery account for 4 years by using straight line method b charging depreciation @ 12%

Answer 1

Answer:

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