Question

Rectify the following errors :
(a) Depreciation provided on machinery Rs. 4,000 was posted as Rs. 400.
(b) Bad debts written off Rs. 5,000 were posted as Rs. 6,000.
(c) Discount allowed to a debtor Rs. 100 on receiving cash from him was
posted as Rs. 60.
(d) Goods withdrawn by proprietor for personal use Rs. 800 were posted
as Rs. 300.
(e) Bill receivable for Rs. 2,000 received from a debtor was posted as
Rs. 3,000.

Answer 1

ABC Ltd. has to make a choice between two machines X and Y .THe two machines are designed differently, but have identical capacity and do exactly the same job. Machine X costs Rs, 150000 and will last for 3 years. It costs Rs 40000 per year to run. Machine Y is an economy model costing only Rs 100000 but will last only for 2 years, and cost Rs 60000 per year to run. The cash flows of machine X and Y are real cash flows

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Answer 2

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ABC Ltd. has to make a choice between two machines X and Y .THe two machines are designed differently, but have identical capacity and do exactly the same job. Machine X costs Rs, 150000 and will last for 3 years. It costs Rs 40000 per year to run. Machine Y is an economy model costing only Rs 100000 but will last only for 2 years, and cost Rs 60000 per year to run. The cash flows of machine X and Y are real cash flows