Question

Un e uate when the plant
Q. 5. On 1st January, 2016, a company purchased a plant for 33,00,000.
Depreciation is charged at 20% p.a. on original cost each year. On 30th November
2018, the plant is sold for 1,00,000. Prepare the plant A/c assuming that the books are
[Ans. Loss on sale of plant *25,000,
closed on 31st March every year.​

Answer 1

Answer:

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