Question

Q. 4. A company purchased on 1st July, 2010, machinery costing *30.000. It
purchased further machinery on 1st January, 2011, costing 20,000 and on Ist
October, 2011, costing 10,000, On 1st April, 2012, the machinery installed on Ist
July 2010, became obsolete and was sold for 3,000.
Show the Machinery Account for 3 years charging depreciation by Fixed
Instalment Method at 10% per annum. Accounts are closed on 31st March every year.
[Ans. Loss on sale *21,750; Balance of Machine A/c on 31st March, 2013. 24.000.)​

Answer 1

Answer:

I am providing the working note, you just have to transform into ledger A/C

For any queries call at 8240407400

I can also provide you accounts classes at cheper fees