Question

Q13. On 1 October, 2009, Sham & Co. purchased machinery worth Rs. 40,000. On 1"
October, 2011, it buys additional machinery worth Rs 10,000. On 30 September,
2012, half of the machinery purchased on 1" Oct, 2009 is sold for Rs. 8,200. The
company writes off 10 per cent p.a. on the original cost. The accounts are closed
every year on 31" March.​

Answer 1

Answer:

Working Note           Purchase 1.10.09 1.10.11     Total   40000       40000 Dep. On 31.03.10 2000       2000 O/b 01.04.10 38000 0 0 0 38000 Dep. On 31.03.11 4000       4000 O/b 01.04.11 34000 0 0 0 34000     10000     10000 Dep. On 31.03.12 4000 500     4500 O/b 01.04.12 30000 9500 0 0 39500 Dep. On 30.09.12 2000       2000 WDB On 30.09.12 28000       37500 Sale 8200       8200 Loss 5800       5800   14000       23500 Dep. On 31.03.13 1000 1000     2000 O/b 01.04.13 13000 8500     21500