Question

Un March, 2019 14.000.
132 On 1st July, 2016, Sohan Lal & Sons purchased a plant costing 60,000. Additional plaas
purchased on 1st January, 2017 for 40,000 and on 1st October, 2017, for? 20.000. plus GST
and SGST @ 6% each. On 1st April, 2018, one-third of the plant purchased on 1st July, 2016,
found to have become obsolete and was sold for 6,000, charging CGST and SGST @each
Prepare the Plant Account for the first three years in the books of Sohan Lal & Sons. Deprecation
is charged @ 10% p.a. on Straight Line Method. Accounts are closed on 31st March each year
(Loss on Sale of Plant- 10,500; Balance of Plant A/c (31st March, 2019-77.000.]​

Answer 1

Answer:

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