= Rs. 33,000 12+12+1200)
17. The Balance Sheet of Bengal Co. Ltd. As on 15 January, 2001, included the followings:
Plant & Machinery (installed on 18 April, 1998) = Rs. 1,20,000
Less: Provision for Depreciation
87,000
On 30th June 2001, a machine which had cost Rs. 30,000 on 1st April, 1998 was disposed of for
Rs. 15,000 and a new machine costing Rs. 50,000 was installed on the same date. You are further
informed that the company writes off depreciation on Plant & Machinery under Straight Line
Method and the accounts are closed every year on 31s December.
You are required to prepare the Plant & Machinery A/c and Provision for Depreciation A/c for
the year 2001 and 2002 and also show how the Plant & Machinery will appe4ar in the Balance
Sheet of the company as on 31 December, 2002.
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