Question

• Plant & Machinary includes a machine purchased for ₹10000

where will we show this adjustment ???​

Answer 1

Hey mate ur answer is

☆ Effect on final account

--> The amount of depreciation of the machine is debited with the depreciatin of machine in trial balance.

--> In balance sheet under asset side deduct depreciation from the total p&m amount and show the balance amount.

Hope it helps u..........✌✌

Answer 2

Answer:

Explanation:

The amount of depreciation of the machine is debited with the depreciatin of machine in trial balance.

In balance sheet under asset side deduct depreciation from the total p&m amount and show the balance amount.

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