X & company purchased a Machine on 1" July 2009 for Rs.2,00,000. Depreciation provided at 20% under diminishing balance method. On 1" October 2009 another Machine was bought for Rs.40,000. Prepare Machine a/c for three years by closing books on 31" March every year.
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X & company purchased a Machine on 1" July 2009 for Rs.2,00,000. Depreciation provided at 20% under diminishing balance method. On 1" October 2009 another Machine was bought for Rs.40,000. Prepare Machine a/c for three years by closing books on 31" March every year.
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DP.. ON 1 JULY 2009 MACHIN FOR 3 YEARS AT 20%
DP.. ON 1OCT..2009 MACHING FOR 2YEARS9 MONTHS AT 20% T0 40.000 AMOUNT
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