On April 1, 2006 a business enterprise purchased a machinery at a cost of 1,00,000 and
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On April 1, 2006 a business enterprise purchased a machinery at a cost of ₹ 1,00,000 and incurred ₹ 50,000 for its installation. The machine is being depreciated @ 10% on WDV basis every year. On March 31, 2010 the machine was sold for ₹ 90,000. Show the journal entries for this machine.
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Date April 1 2006 April 1 2006 Mar31 2007 Mar31 2008 Mar31 2009 Mar31 2010 Particulars Machinery ac ...View the full answer
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