Question

the expecteu USCIUI IM
PRACTICAL ASSIGNMENTS
1. On 1 January 2019 the balance in plant and machinery account was 9,00,000 (including * 1,00,000
which was purchased on 1 January 2018). On 30 January 2019 additional plant was purchased for 1,00,000.
On 31 December 2019 part of the plant which had cost *20,000 on 1 January 2018 was sold for 21,000.
On 31 December 2019, again a part of the plant was sold for 40,000. This was purchased on 1 January
2018 for * 60,000.​

Answer 1

Answer:

the expecteu USCIUI IM

PRACTICAL ASSIGNMENTS

1. On 1 January 2019 the balance in plant and machinery account was 9,00,000 (including * 1,00,000

which was purchased on 1 January 2018). On 30 January 2019 additional plant was purchased for 1,00,000.

On 31 December 2019 part of the plant which had cost *20,000 on 1 January 2018 was sold for 21,000.

On 31 December 2019, again a part of the plant was sold for 40,000. This was purchased on 1 January

2018 for * 60,000.