Question

On it June 1980 purchased car for 18000 n spent 2000 on its repair. On 30 June 1983 the car was disposed off for a sum 13600 the books were closed on 31 Dec each year by 10% on diminishing balance calculate amount chargeable to p&l account for year 1983

Answer 1

On 30 June 1983 the car was disposed off for a sum 13600 the books were closed on 31 Dec each year by 10% on  ...