Question

was On 1st April, 2010 Shri Ankur purchased an X-Ray machine for * 1,35,000. It is expected that machine will remain in use for 5 years and then scrap value will be 35,000. A Sinking Fund created to replace the machine by investing at 4% per annum. At the end of the fifth year investment sold for 81,700. As per Sinking Fund table at 4% interest an amount equal to 0.18463 should be invested every year to receive one rupee after 5 years.

Prepare Machinery A/c, Sinking Fund A/c and Sinking Fund Investment A/c. (Calculation should be made to the nearest rupee)​

Answer 1

Answer:

was one 1st April 2010 exception of a new student