Question

Rani roopmati purchased a machine for ₹3,80,000 and spent ₹20,000 on its installation on 1st April , 2012.On 1st July, 2013, another machine was purchased for ₹1,00,000. Depreciation was charged @10%p.a.on written down value basis.On 31st December,2014,both the machines were sold for a consolidated price ₹2,20,000.
Prepare machinery account for the years 2012-13 to 2014-15.

Answer 1

Answer is in the attachment.

Please check it.

Answer 2

check attachment given above