Question

On April, 2011 Machineries were purchased by X for Rs. 1,00,000. On Oct1, 2012 addition

were made to the extent of Rs. 20,000. On July 1, 2013 further additions were made to the

extent of Rs. 12,800. On 30th Sep 2014 one machinery, original value of which was Rs.

16000 on April 1, 2011, was sold for Rs. 12,000. Depreciation is charged at 10% p.a. on

original cost. (6)

Required:- Prepare the Machinery Account for four years ending 31st March, 2015​

Answer 1

Explanation:

Dates Dr.

April 2011 To Cash a/c 100000

( Machinery purchased )

Oct 1,12 To cash a/c 20000

( Additional machinery

purchased )

July 1,13 To cash a/c 12800

( Additional machinery

purchased )

Depreciation a/c 10000

Dates. Cr

30 Sept 14. By Sales a/c. 16000