Q. 3. Chandra Ltd. purchased a second-hand machine for 8,000 plus CGST and
SGST @6% each on 1st July, 2015. They spent 3,500 on its overhaul and installation.
Depreciation is written off 10% p.a. on the original cost. On 30th September, 2018, the
machine was found to be unsuitable and sold for 6,500. Prepare the Machinery A/
for four years assuming that accounts are closed on 31st March.
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Answer:
See the attached photo to understand the sum
Explanation:
GST has no effect on the machinery A/c therefore you need not calculate it
Attachments:
![](https://hi-static.z-dn.net/files/d88/7d28a2d9e99598783dbb91e863ba2ae1.jpg)
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