Question

Shruti's COMMERCE WORLD
ISHRUTIS
COMMERCE
JWORLD
. The following balances appears in the books of Gogi Chand & Sons :
Machinery A/c as on 1-1-2014
Rs. 8,00,000
Provision for Depreciation as on 1-1-2014
Rs. 3,18,000
On 1-1-2014 they decided to sell a machine for Rs. 34,500. The machine was
purchased for Rs. 1,20,000 on 1-1-2010.
Show the Machinery A/c and Provision for Depreciation A/c for the year 2014
assuming the firm has been charging depreciation at 10% p.a. on the Written
Down value method and accounts are closed on 31" December every year.​

Answer 1

Answer:

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Explanation:

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