Question

Q.2 ABC Ltd. purchased second-hand Machinery on 1st January, 2003 for Rs.1.
35,000 and spent Rs.6, 500 on its crection. Show the Machinery Account and
Depreciation Account for three years, if the accounts are closed on 31st March
every year. The depreciation is to be charged @ 15% pa. on Original Cost
Method​

Answer 1

Explanation:

35,000 and spent Rs.6, 500 on its crection. Show the Machinery Account and

Depreciation Account for three years, if the accounts are closed on 31st March

every year. The depreciation is to be charged @ 15% pa. on Original Cost

Method