Question

The following balances appear in books of m/s deep sons

APRIL1, 2016 MACHINERY A/C 1,87,500
APRIL1, 2016 PROVISION FOR DEPRECIATION A/C 75000

On Sept 30,2016 a part of machinery purchased for ₹31,250 on april1, 2014 was sold for ₹11, 250. On the same date, new machinery was purchased for ₹93, 750. The depreciation was charged 10% p. a on straight line method. Prepare machinery a/c and provision for depreciation a/c for the year ending 31-2017

Note:please give answer in proper detail with explanation.
Thanks

Answer 1

Answer:

sorry I am in 10 th class