Question

Prepare Machinery account from the following:
2018
March
Rs. 42,000
Rs. 16,000
1 Purchased machinery from Vikram & Co. Rs. 42,000
6 Machinery purchased from Virat Rs. 16,000
12 Machinery costing Rs. 8,000 sold for Rs. 5,000
16 Depreciation provided on Machinery Rs. 3,000
22 Goods puchased from Swami Rs. 9,000
30 Purchase of machinery for cash Rs. 8,000​

Answer 1

Explanation:

X ltd purchased machine costing Rs. 1,00,000 on 1.4.2015. It purchased another machine costing Rs. 60,000 on 1.7.2017.

Machinery purchased from Virat Rs. 16,000

12 Machinery costing Rs. 8,000 sold for Rs. 5,000

16 Depreciation provided on Machinery Rs. 3,000

22 Goods puchased from Swami Rs. 9,000

30 Purchase of machinery for cash