Question

Vinod Limited whose accounting year is the financial year purchased on 1st July 2016 Kama machinery costing 30000 rupees and paid cash immediately it purchased for other machinery in cash on 1st January 2017 costing rupees 20000 and on 1st October 2017 costing rupees 10000. on 1st April 2018 one third of the machinery which was installed on 1st July 2016 became obsolete and was sold for cash 3000 rupees. show how the machinery account would appear in the books of the company,it being given that machine machinery was depreciated by fixed installment at 10% per annum

Answer 1

Answer:

Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by Maxwell's equations.