Accountancy, asked by dassubash451, 1 month ago

Ramana a businessman purchased a machine for Rs 40000 on 1st November 2016. Additionally machinery was purchased on 1st may 2017 for Rs 20000, Depreciation is provided at 7.5% under WDV method. On 31st January 2019 the machine bought on 1st may 2017 was sold for Rs 17000. Prepare Machine account assuming books are closed on 31st March every year.

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Answered by AllenGPhilip

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