Question

One machine was purchased on 1-4-13 for ₹ 30,000. Depreciation on machine is charged at 10%

under reducing balance method. Write journal entries for depreciation on 31-3-15.​

Answer 1

Answer:

Explanation:

31-3-14 Depreciation A/c                 Dr       3000

                  To Machinery 1 A/c                            3000

            (Being machinery depreciated)

31-3-15 Depreciation A/c                 Dr       2700

                  To Machinery 1 A/c                            2700

            (Being machinery depreciated)